|Received:||7/17/2006 2:17:57 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO in Quixtar for one month. Although I am still new, I am in the process of registering several people in my organization. Quixtar works great for me because it is flexible around my work schedule. I have attended several meetings and a major business seminar where I met people with positive attitudes who were supportive of my goals. I must say that I rarely encounter that in my work place. This positive environment has been great for me on a personal level. When I was approached with this business opportunity, it was made very clear to me that I was under no obligation and that there was a 6-month money back guarantee if I wasn't fully satisfied. I will be under that 6-month umbrella until Dec. 20, and it is very reassuring to know that even as I build this business, I still am able to hang it up and get all of my money back if I am not pleased with the results. As I show this business opportunity to others, I tell them that there is no risk and that the plan I show is a long-term path to financial success, not a "get rich quick scheme". I explain to them the work that will be involved and I tell them that I can't promise them success. I let them know that the initial investment is between $200-$250, and that this money is fully refundable any time during the first 6 months. This is shared with them during the initial phone contact and our first meeting. I try to be as up-front as possible. This saves both of us valuable time. Thank you for being diligent in the needs of all citizens. I appreciate very much your efforts in identifying and eliminating the illegal scams that continually pop up. I always edify the FTC in my business meetings with new prospects, telling them that you have investigated our business and have given it your stamp of approval. I have found that most people respect your work and trust your standards. That gives my business more credibility. I have seen the proposed changes that would affect independent business owners. I have a few comments on some of the points. First of all, the proposed 7-day waiting period would be great for businesses that do not offer a money-back guarantee, but because I and all other new IBOs in Quixtar have 6 months in which to change our mind without financial setback, I would suggest that your 7-day waiting period only apply to businesses that don't have a money-back guarantee. Some people see this business and begin registering people immediately. This would only cause a delay in how soon they could begin making money. As to the requirement to provide references, until the person registers with me, they are completely free to register under anyone. I am concerned that this would open up the door to people registering with other people after I have committed time to them. In regards to the "litigation list", I worked in Human Resources for a printing company years ago, and was in charge of tracking the litigations. Most of the litigaions were false claims that ended with dropped charges. Had the public known about these, it would have only hurt the company's reputation even though they were not at fault. I do not think that this would be beneficial to prospective IBOs. As far as providing specific earnings disclosures and personal financial documents to substantiate income claims, we are already listing on the material we give our prospects the average monthly gross incomes. I feel that this is adequate. When I was conducting new employee interviews in H.R. years ago, I did not disclose specific salaries, merely the average salaries for the various positions, and what their starting salary would be. Once again, thank you very much for being an advocate for fair business practices and for allowing us to express our thoughts on your proposals. I trust that my input will be carefully considered.