| Comment Number: | 522418-11758 |
| Received: | 7/17/2006 3:07:48 PM |
| Organization: | INDEPENDENT BUSINESS OWNER OF QUIXTAR.COM |
| Commenter: | KUMARASWAMY RAMASWAMY |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We have been with Quixtar.com and prior to 1999 with Amway for about 10 years now. We were introduced to this concept by a friend who provided all the information that we asked for and we signed up within 24 hrs after seeing the plan. Regarding the propode FTC rule:1) 7 day rule:we think that, given that there is a money back guarentee for 6 months is sufficient for a person to investigate about the business. 2) Providing with 10 refernces will hinder the nature of business, as there is a possibility that the references may register the new person. 3) Providing the information of all litigations doesn't seem fair either; as nobody will be aware of the end result 4) Regarding the income disclosure, as the income fluctuates every month with sales and also the people registering, SA-4400 given at the time of showing the plan, which discloses the average monthly income should be sufficient. 5) Disclosing the money made from the business might not be appropriate because it might not give the right picture of the business. As higher lifestyle and income might not be giving the belief that the new person can make ; neither the low income can motivate him. As is any profession, there are people who make different incomes.