| Comment Number: | 522418-05872 |
| Received: | 7/4/2006 12:27:29 AM |
| Organization: | Quixtar |
| Commenter: | Patrick Palkovic |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
After reading the proposed rule by the FTC, I believe the intentions are good, but the actual rule is not. I have been a Quixtar IBO for over 2 years and I truly feel that the company and it's distributors operate on a standard of total integrity. There are a few bad apples here and there but they never last in a business such as ours becuase of the lack of trust. Our business plan is laid out with averages so that no one is mislead. There is also a average monthly gross income disclosure and a buy-back policy on all of the startup- materials. I believe that, by itself, is enough to let people register as quickly as they want. From my experience, I have had people change thier mind on the opportunity and have no problem getting thier money back from the corporation. It costs about 150 dollars to get started with everything and that money is refundable for up to 6 months. Our business is certainly not a "get rich quick" or anything like it. This was disclosed to me when I first saw the plan and all of the income brackets I have hit have paid me exactly how the had promised. I don't believe prospects should have to wait seven days to be registered becuase it would slow any possibility of anyone gaining momentum which is very important in our industry. Since it is not a get rich quick we have to be able to capitalize on any fast growth that we can get to help new IBO's see success and believe that it can work for them. As far as the Legal disclosures, I think that could lead to a lot more alleged lawsuits from people who could not "hack it" in our industry. I have come accross so many people that want to make it work for themselves and thier families but the rejection is too much for them to handle. For this reason they will use any excuse to cover for thier shortcomings. The people that will be hurt by this law will be the ones already running a legitamate business. I was given plenty of information before I decided to get started and was well aware of the work it would take to get my business rolling. Anything worth doing takes hard work. I have found that this business has and is producing income security far better than my daytime job. Only a situation like this proposed law who put my hard work down and hinder our ability to get results. I have seen many other beneifits since becoming an IBO that are helping me in all areas of my life. As far as disclosing financial information, I believe it is privacy. People are not even alowed to talk about how much they make as an employee, yet people will sometime need to know how much money you make. I explain to then the levels of the bonus bracket that we have hit and explain that they can do it faster or slower than I have, all depending on the work ethic and ambition level. I conclusion, I am against the propsed law due to the fact that it will hinder thousands of people that are trying to run an honest business. If there is a legitamat buyback policy, none of this should be an issue. We have disclosures that show that people will not be mislead. Please do not put a lid on our ability to create income. We are in the information age and people can find out what they need to know simply by hanging around our business team for a while. There is no need for them to be calling other IBOS as references. It simply would damage the integrity of the lines of sponsorship. Thanks, Patrick Palkovic