|Received:||7/15/2006 1:37:52 PM|
|Organization:||INDEPENDENT BUSINESS OWNER, QUIXTAR|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am not in support of the proposed FTC rule. I have been an Independent Business Owner powered by Quixtar for the past two years, and have been able to achieve financial success at a significant level thus far, with high goals for the future. The nature of this legitimate business opportunity has also allowed me to help others achieve financial, as well as lifestyle, success through their own Quixtar business. Since the first day I was exposed to the Quixtar business, I have been fully aware of the business plan, payment structure, work/time commitment, income potential and other legal issues involved with my business. Each time I share this opportunity with another prospective IBO, I clearly articulate this information, as well as answer any questions they may have prior to registering their own business. I understand the importance of establishing a credible and accountable business for long-term financial and lifestyle success. Several of the proposed issues would severely affect my business and that of my associates. First, the 7-day waiting period is not necessary and would halt the growth of many prospective IBOs' businesses. Because the business plan is thoroughly explained and questions are answered from their initial meeting, this waiting period is unnecessary. And, new IBOs are given a 6-month "grace period" where they can cancel their entire Quixtar business and receive a full refund on their registration and sample products at their request, no questions asked. This removes any risk for new IBOs to start their business. Next, the requirement to provide references would negatively affect what is perhaps the biggest benefit of the Quixtar business - IBOs helping others achieve their goals and building lifelong friendships along the way. The majority of IBOs look to expand their business with others of similar interests, lifestyles and values, and expect to build a friendship while they work together to build their businesses. If we were required to provide our prospective IBOs with a list of other existing IBOs, it gives these other IBOs an opportunity to interfere in our growing business/friendship. In addition, because many IBOs spend time and money as they network for prospective associates, it would be unfair for IBOs who have not actively sought these prospects to benefit from their ambition and interest in registering them as IBOs themselves. Also, a Litigation List would allow inaccurate and subjective information about Quixtar to impair the decisions of prospective IBOs to start their businesses. Alleged accusations and untrue statements about Quixtar would be readily available to prospective IBOs, and could potentially overshadow the TRUE and beneficial Quixtar opportunity. Finally, it is unproductive to disclose specific earnings to new Quixtar IBOs. Enough information is provided for them to reach a valid decision on the profitability of the business. For example, the average annual income of IBOs in the business is made known to them in their registration agreement. And, payment amounts are explained in detail from the first bonus level through the entire bonus structure. In summary, the FTC Proposal would not have a positive affect on my Quixtar business. Because of the legitimacy of the Quixtar business, and the thorough information readily provided to myself and to prospective IBOs, these additional FTC regulations are not necessary. In fact, they would only hinder the growth of my business and that of other IBOs who are working hard to keep the free enterprise system "alive and well" in the United States. Thank you for your attention to this matter.