| Comment Number: | 522418-10753 |
| Received: | 7/16/2006 10:08:48 PM |
| Organization: | Quixtar |
| Commenter: | Lenocker |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I support reasonable business disclosures that are fair and help consumers make wise choices. The rule should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. The rule should also provide a reasonable cancellation policy. I have been an IBO for 30 years. This business has given me the flexibility of being able to work from home, work my own hours and create an income that I can control. It has taught me so much about people, and how to be a better person. There are many more benefits than just income. I feel it is important to be involved with a Company that has proven track record over the years, Quixtar has been the ethical leader in their field. They have so much respect for their IBOs, without us there would be no business. When I was registered in the business, I was told I could have my money back if I was not satisified. The prospects that I register in the business today are told the same thing, 100% satisfaction guaranteed or your money back. Typically, the prospect spends anywhere from $70-$400 to get started and they are told that money can be totally refunded if they are not completely satisfied. They have been given the disclosure of average income for all active IBOs. A 7day waiting period for prospects would jeapordize my business dramatically. They may choose to not get involved with me, they want the freedom to get involved without alot of red tape. The rules should protect the consumers, but not to the detrement of the good companies out there that are doing business correctly. You should not require IBO references to be provided to prospects. If prospects are given other references they may choose to register with them, that is not right or fair. My prospects are given the opportunity to meet other IBOs that I work with and given the chance to ask questions about their experiences in the business. You should not disclose past litigation. You should not require financial records to be disclosed to prospects. That is an infringement on our privacy and is inappropriate.