| Comment Number: | 522418-11542 |
| Received: | 7/17/2006 1:06:56 PM |
| Organization: | Quixtar |
| Commenter: | Eric Jaklitsch |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sirs: Re: Trade Regulation Rule on Business Opportunities Thank you for trying to protect the public from these many make $5000/week schemes. I've been an IBO with Quixtar for two years. It is definately not a get rich plan. It requires work and no gurantee of success. It gives me a chance to improve my lifestyle not only through income, but by associating with positive and ambitious people. Plus other benefits are the continous reading and listening to great inspirational American books/cd's/tapes to make us better people. Upon and prior to registration I received enough information to make an informed decision. The same is provided to new prospects during the meetings and the follow-up because there is nothing to be gained by just registering a person in the Quixtar business. The registration fee is $60 and some $60-$90 in optional product samples that people normally consume. So for about $150 a person literally has access to a million dollar business vehicle if their ambition and dream is large enough. If they leave they get most of it back. 1. 7-Day Waiting Period- IT WOULD EFFECT OUR BUSINESS NEGATIVELY. After a few days every day life takes over and prospects lose interest even in the best and most honest of opportunities. It increases cost and a new prospect loses interest in a business where his prospects have to wait seven days before they have a chance to earn income. 2. References-WHEN WE REGISTER PROSPECTS THE PROSPECT HAD A CHANCE TO MEET MANY OF OUR AND OTHER IBO'S AT MEETINGS PRIOR TO REGISTRATION. This is actually a plus for them. To give a random list means most would not call and there is the chance that they may register with someone else. Some IBO's don't want their names and phone numbers given to strangers. 3. Litigation List-This is a great way to destroy most business. Am sure Ford, Pepsi, Wall Mart etc have hundreds of complaints against them. It is a vague that it hinders an reputable company from doing business. 4. Specific Earnings Disclosure-The average monthly gross income is mentioned on the web and in our brochure. The average person in any business doesn't do much. So I and other IBO's don't want to compare ourselves with average people, but prospects should not be mislead. That is why in our presentation it is mentioned these are expamples based on FTC approved material. 5. Financial Substantiation-The question usually does not come up. The presentation shows examples what can be done based on our FTC approved material. If most IBO's in any business would have to show what they made last month/year then they would be out of business. A new person for some months may have only a very small income. The person that sees the potential in a legitimate opportunity does not base his/her dream on what the person makes that is showing him/her the opportunity. A student showing the business to a professor or a clerc showing the business to a lawyer. To legitimate businesses these restrictions could and will affect the livs of millions. The illegitimate businesses should be closed down! Congratulations on the excellent work you'r doing!