Comment Number: 522418-08391
Received: 7/12/2006 6:07:46 PM
Organization: Quixtar
Commenter: William Drew Wyatt
State: CO
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

First, I have been involved with Quitar since Sept 2004 and I have been throughly impressed with the company. My first year I wasn't actively building the business. As of Sept 2005, I made the decision to actively build my business powered by Quixtar. Since that decision, I have found myself having more success and in return will be able to be financial independent at a very young age. I'm 22yrs old currently. My business goals are to be a Platium Q-12 by the end of next fiscal year entering Double Eagle RubyQualifications by the age of 23, so when I graduate college I will not have to look for a job. Quixtar will provide me financial independence, as well for my future family for many years to come. Second, I would like to address a few specific issues according to the FTC proposal. I believe some type of guidelines need to be made in order to keep the direct selling business model pure. Quixtar has done an amazing job at that process already, so I appreciate that the FTC is taking the time to get our input the the situation at hand. The first issue I would like to address is the requirement of a seven-day waiting period. If that would take place, it would effect an self-starting achiever who can get the business off and running very quickly. As well, have a time frame around getting someone started would hinder the process of effectively moving up the bonus bracket would directly affect my income each month. One more reason there is no need for a time frame with Quitar is because the IBO getting started in business can obtain money back within 6 months of registering. Another issue I would like to talk about is the requirement to provide references. One that would invade privacy of other prospects and/or IBO's. Two that could possibly take business prospect away from the IBO who is registering the new IBO or possible other business contacts outside Quixtar. Third, my new prospects always meet other IBO's prior to getting started on my team. Another isssue I would like to discuss is the rquirement to provide a litigation list because this issue would have to include cases or subject that may not be true and/or unsolved issues. Along with that concept, the FTC would need to require an employer to give that kind of information to their new employee and we all know how that would turn out. The last issue I would like to discuss is the requirement for financial substantiation. My prospect always are aware of money that can be made through the business and I will show them checks from myself or uplines monthly income but on the same token we all have to start somewhere and untill we make a substanial income I don't think it is anyone information because everyone person is different and in different situations depending on age, income for a job, and circumstances. So, my question is where is our privacy. I think this idea is inappropriate for this type of business model with all the example of income so easliy accessed. Thank you for your time! Drew Wyatt