|Received:||7/4/2006 12:42:54 AM|
|Organization:||Plazo & Associates (affiliated with Quixtar)|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Gentleman and Ladies of the Commission; - - I have come to learn of the pending discussion regarding restrictions or additions to rules from the Federal Trade Commision. While I believe this is very good that our government is attempting to assist the public in determining if a direct selling business is valid or fraudulent, I believe there are some areas that may make it more difficult for the average person to build their own business. Mine is a small business but I value the opportunity to build it at my own pace. - - I do not believe there should be a waiting period at all for prospects to register, as long as there is qualified refund policy. For many of us we are learning from the ground up on how to recruit and register new business partners. Since Quixtar has a full qualified refund policy, there should be no waiting period. I have never had someone "change" their mind within 7 days and I have not had anyone request a refund. - - The FTC should require clear, simple, and standardized income disclosures that apply to all direct sellers. Quixtar has done an excellant job in providing us with tools that show an average income of all active business owners. - The FTC should not require references - this violates the privacy of the other business owners, and if my prospect that is interested decides to register with one of the other independent business owners it slows the growth of my business. - -The FTC should not require personal financial disclosure to prospects. Everyone wants to be with the 'successful' business owner. How are we to help people start their business if they have to disclose their income before they even get started? My business is small right now and if I was required to disclose my income it is not indicative of what I or my prospect might earn in the long run. I know prospects who have earned more than me and others less. It depends on the persons commitment to build a business, their personal situation and not whether I personally bring home a big paycheck every month. - - Finally, I do not understand the reasoning behind wanting to list all the arbitrations, suits, etc for 10yrs whether proven or not. We are trying to help people get over the barrier of their personal situations many times. This would entail information overkill, between the details of the business opportunity and the disclosure information already provided.