| Comment Number: | 522418-06111 |
| Received: | 7/5/2006 2:02:58 PM |
| Organization: | |
| Commenter: | Foltz |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
July 5th , 2006 Federal Trade Commission- My personal experience with the Quixtar business opportunity has been great. A friend of mine that I went to college with introduced me to this business opportunity in November of 2005. My next goal as an IBO is to expand my business into the Mexico market. I have some friends that live down there and it is a goal of mine to enter into that market. There are so many great benefits from being involved in this business. The great mentorship and encouragement from those we work with is just awesome. You learn so many great life lessons that can be transferred into all aspects of your life in dealing with people in general. When I registered with Quixtar I received enough information to make an informed decision on whether to register or not. And I provide that same information to my prospects. Everything in life is hard work and this business is no different. The cost to register is $45 for a yearly membership fee with a $6.50 service charge and then the optional $60 product intro pack. And if they change their mind they can get their money back. In regards to the 7 day waiting period there would be no benefits in having to wait that long. Prospects could not place an order to receive products right away and that would affect our profitability. With the requirement to provide references this would be time consuming and not necessary. There would be the risk of the prospect deciding to register with another IBO that is on the list. If other IBOs were required to give their potential prospects the names and phone numbers and addresses of other IBOs and we had people calling us for information in regards to our business this would take up a lot of our time and we could instead be using that time to build our own business. My prospects meet other IBOs at the meetings we bring them to. Also by listening to the Cds that World Wide Group gives us access to we can listen to other IBOs building the business. With the requirement to provide a litigation list would be very unfair. What other business need to show their customers a list of all the bad things that have happened in there business. The requirement for specific earnings disclosure would not be meaningful. We do have a form called the SA-4400 that states what the average monthly gross income of an IBO is. People keep there income private in all businesses why should we have to tell our potential prospect. Especially if we are just starting in the business we are not going to have a lot of profit to show and our potential prospect might be turned off because of that. This is a great opportunity for some one with big dream and goals in there life and is willing to work hard to achieve them. These rules would only make things more complicated and less attractive for some one to succeed in this business. Please consider all of the great people in this country that are involved in the Quixtar business and only change the rules for the better. Thank you. Natalie Foltz - Callaway, Minnesota