|Received:||7/3/2006 2:05:37 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:We have recently joined Quixtar as IBO's. We decided to look for an alternative source to develop income since the company that I work for has been outsourcing our jobs to an offshore company. What the FTC should be regulating is American companies who are allowed, without percentage limitations, for instance, to give away American jobs just for the main purpose of raising the stock price (and still be allowed the privileges of being a U.S. company). Requiring a waiting period of seven days after receiving a disclosure statement would actually cause a delay for the new IBO from being able to start their own business. It seems as though there has been a 3 day cancellation policy on most things and that is generally understood as standard. Requiring IBO's to provide a list of "references" is rather like asking a Car Dealership to give out a list of 10 references in the area and telling them that they also have a 7 day cancellation policy, so if they don't like the car, or what they hear about the car, they can bring it back. Or, they have to wait 7 days before they can pick up the car, in case they might want to change their mind. Many successful IBO's have started their businesses in very small, isolated communities and it might be difficult to provide 10 other local references, although there might be many state or national references. However, I doubt whether anyone would appreciate having a stranger contacting them to ask for income verification. When you want people to substantiate their income to prospective IBO's, that really should be considered an invasion of privacy. This could be equated to asking your co-workers how much they make in comparison to you and not giving them a choice about answering. Most companies try to compensate their employees with more salary and incentive awards to those who produce more and who work harder. Since we have joined Quixtar several months ago, it has become apparent to us that what an individual can earn, is totally dependent on the amount of work and effort that is put into it. It has always been apparent to us that it is not a get rich, quick scheme. You cannot buy your way to the top and, unlike corporate America, you can't be appointed to a position of power by a friend or relative. Everyone has to abide by the same rules and start at the the beginning. We are in favor of reasonable legislation preventing false claims of income, but we are not in favor of more legislation that invades personal privacy and seeks to delay business opportunities. Our company describes a typical range of income when a particular level of achievement is reached. The FTC should not require a seven day waiting period before prospects can register. The FTC should not require IBO references be provided to prospects (again this is an invasion of privacy). The FTC should not require an IBO to provide disclosure of past litigation. This is a matter of public record that prosepcts can research themselves. The FTC should not require IBO's to provide private financial records to prospects. This is also an invasion of privacy.