| Comment Number: | 522418-06501 |
| Received: | 7/6/2006 2:49:28 PM |
| Organization: | IBO of Quixtar |
| Commenter: | Erin Hassan |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My husband and I began our Quixtar business one year, one month and 15 days ago. When we were introduced to the opportunity it was made very clear that this was a business so one must work to achieve one's goals. The cost, the history of the company and detailed description about how the business works was all given. It was also advised to check with the Better Business Bureau and other independent agencies and see what they said about Quixtar. We had no blinders when we came into this business and we provide all of the same information we give to any prospect because we want them to understand the business in as much detail as we can give. The startup cost is a fee of $52.oo to register with Quixtar and then propspects have the opportunity to purchase a pack of products that introduces them to what they have in their business. The products are returnable, even if the package is completely empty. The startup cost is completely refundable should they decide later they don't want a business after all.This is all made very clear to our propsects. This is the only business opportunity I have seen like this and my husband and I have been looking at all kinds of business opportunities for three years. We are still in the very beginning of building our business but this business opportunity means everything to our family. Our lives revolve around this business. The proposal to change the way independent businesses operate has the good and proper motivation to seek to provide all of the information to a prospect that a prospect can get. That is good, however, Quixtar IBOs already do that and have done that since Quixtar began. To require prospects to wait seven days would destroy the fabric of this great, legitimate business. The Founding Fathers looked to build a land of opportunity for ALL of it's citizens not a select few. And such proposals limit the efforts of average citizens who wish to rise above their circumstances. Nothing would be gained by a propspect having to wait seven days. We usually follow up with them within a couple of days to answer all of their questions and address their concerns because a lot of people will not take the time to go and study this opportunity for themselves and educate themselves. If they had to wait another seven days most people would not take part in the opportunity and there has been nothing gained by them waiting seven days. Also, to have to disclose my finances to every prospect completely obliterates my personal privacy. And to have other IBOs giving my name and contact information to strangers is likewise erroneous. I might perhaps lose a prospect if they see someone else they know is a prospect. Our prospects are introduced to other IBOs quickly upon deciding they would like to take part in the opportunity. Through weekly information sessions and a weekly product education meeting new business owners have the opportunity to meet and get to know other IBOs. So we do not need a proposal of providing references.This part of the proposal destroys our personal privacy and no institution has the right to destroy the privacy of citizens of the United States of America. Also, to have to provide information on litigation is not reasonable. Quixtar is a huge business with thousands upon thousands of IBOs in the US and the world. There is NO WAY any one person should be responsible for any lawsuits and litigations across such a huge panorama of independent business owners. I do support the FTC in trying to make sure that people are given all the information they can get to make an educated decision. I do support the FTC's motivation in trying to stop scams and get rich quick schemes. However, to destroy the enterprise of citizens in legitimate business is not what the FTC should be trying to do. I do hope the FTC will remove the seven day waiting periods from the proposal as well as income disclosure and disclosing all litigations and lawsuits for the past 10 years.