|Received:||7/4/2006 2:50:22 PM|
|Organization:||Affiliated to Quixtar.com|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Our names are Murali, Sirisha Mannava. We have a business affiliated with Quixtar.com. Both of us work as Software engineering professionals. Apart from making money, the business opportunity gives us a chance to associate with the quality people, teach moral values to our kids. We are blessed by one daughter and she loves to associate with the people in business as we teach in business the integrity, honesty, accountability in the business all the time. Our next goal in the business is to impact 1000s of people around the world by teaching the right values, principles. When we registered in the business, we have got enough information to start in the right manner. We were given a chance to make our own independent decision. When we register other individuals/couples, we give complete information to take a quality decision. We make sure upfront that we are not in "get rich quick" scheme. We have always stressted on hard work and there are not guarantees of success. We just explain them the 2-5 years business plan and again the success is dependent on their work. The prospect typically spends around 170$ to register. We also tell them , if they decide to leave for any reason the business within 90 days, he will get his/her full money back. 7-Day waiting period will affect a lots of businesses as he gets a chance to procrastinate the decision forever. A lots of times people make a decision based on the information provided to them. They will forget what they saw 7 days ago. This applies to anything in life. So, I do not see any benefits. The 7-Day period will increase the cost of the business as we have to go to him and spend couple of hours to explain the opportunity with him. This will in turn cost a lot of time and money for the business owners. When we register a prospect as an IBO, he gets the full information about the marketing plan, information what it takes to succeed in the business. etc., So, 7 day waiting period does not make sense. The prospect will talk to some IBOs, if he were given a list of local IBOs before he/she registers. It is not going to be a pretty sight. If a person goes to school and talks to every student , before he registers in to school, he will waste his time and energy taking decisions based on other people's opinions. There is a risk that the prospect might register with one of the references even thou we expose the business opportunity to him first. The same way, if the prospects of other IBOs contact me all the time, it would violate my privacy and it will take away the time for me to achieve my goals and dreams. Our prospects normally meet other IBOs in my team when they register and after they register. This gives a chance for the IBOs to encourage the new person to build the business in positive atmosphere. I will tell a person what kind of situations he will encounter and what people tell about a company in general. Not only Quixtar, but also any company. If I am going to be affiliated with some company, I find good things and not so good things about the company and always it's irrelevant to any prospect to know about the IBO force and litigations against the force. This would also not be limited to cases found against the seller but even filed cases with no merit. This rule does not make sense as we have to use the time to explain. We share with the prospects the SA-4400 and the average annual gross income .The new FTC rule would be meaningless . It affects our businesses big time in terms of time. I do explain the prospect how much we made on an average in the last year, if he/she asks. We will also tell him how much we made last month and more than we will tell him/her what kind of impact the business opportunity(Quixtar) made in our lives not only in terms of money, principles etc., If the FTC rule says to offer our financial records to prospects to substantiate our Quixtar income, we are more than willing to do that. I do not think this is an appropriate rule.