|Received:||7/16/2006 11:58:56 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Greetings. I am an Independent Business Owner powered by the Quixtar opportunity. I am extremely satisfied by the purity and the business ethics followed by this opportunity and it has helped me to fulfill a lot of my aspirations that would not have been possible from other sources of my primary income. I am thankful to the FTC for taking a step in this direction for the elimination of unlawful schemes which are launched for malpracticing purposes. The entire outline of the proposal sounds very thoughtfully put together and I applaud the work put in by the FTC officials. As an independent business owner I had a few concerns as to how some of the points would affect my business and I just wanted to share my perspective. The first point I would like to talk about is the rule that prevents the prospects from registering seven days after getting the disclosures. In our opportunity the prospect is given all the information by us and whether the prospect considers the opportunity or not is really not affected by the fact that they are given a 7 day grace period. This business opportunity offers a money back guarantee which should offset the risk of the prospect losing any money if he registers sooner. Also this prevents the prospect as well as the sponsor to make the full use of the income potential due to the time gap since the oncome follows a monthly remuneration pattern. Providing a list of 10 references is a fantastic idea for the prospects to see the credibility of the people in the business but we provide for that too by having presentations where the prospects can interact with people already in business at no cost of entry to the presentation, as many times as they might want. Furthermore this violates the privacy of the other IBOs and also allows the prospect to have access to other businesses where they can register which is not ethically correct and can be a major setback to an opportunity. I would personally would not like to comment to some other IBOs prospect about this opportunity or my business since then I am having a financial bearing on someone else's business which is detrimental to the cause of the INDEPENDENT ownership plan. The past litigations really do not reflect the nature of the business since we are independent owners and it really is not my concern if someone has resorted to malpractices in his own business. This would have a financial bearing on my business although the fact that I have nothing to do with the person against whom the litigation was raised. These are some of the concerns I wanted to write about because I'm sure the FTC is constantly striving to make the regulations to favour good business practices and it is equally concerned about proving entrepreneurs like me to pursue an opportunity without any adverse effects.