| Comment Number: | 522418-11787 |
| Received: | 7/17/2006 3:20:27 PM |
| Organization: | C. M. Tracy & Associates |
| Commenter: | Cynthia Tracy |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Eliminate this entire proposal draft and start over, or make Quixtar.com the clear exception. Definitely ditch all of the specific requirements such as the requirement for 10 references, the requirement to substantiate incomes, the requirement to disclose past litigation; actually, just trash this entire proposal in terms of any relevance to the Quixtqar business. When conducted according to the Quixtar rules of Business and Conduct, our business is not only a model of the free enterprise system (as the FTC had declared years ago in its statement regarding the Amway Corporation), it is a business properly conducted with the highest degree of ethics, morality, and professionalism. I have been a Quixtar-affiliated Business Owner since its launch, and the proposed FTC rule will handicap the efforts and success of many honest, ethical, sincere, hardworking IBOs (including myself). Consider, specifically, the 7-day wait time proposed requirement. This is a ridiculous suggestion. New ibos in our organization pay an incredibly nominal fee to register in their new business. We recommend an initial intro product pack, which brings their total to about a mere $365. Furthermore, we have a 10-0% buy-back policy, which definitely eliminates the need for any 7-day wait. Lately, our business is growing at a fast pace, and we stress to all ibos, old as well as newer, that we do not offer a get-rich quick scheme. Instead, we have a sound, proven legitimate business for building strong teams that work together toward team goals as well as individual goals. Rewards earned are very fairly distributed to those who are performing, and the mathematical fomulae in the IBO complensation plan are clear, just, fair, and plainly taught. We do not promise people a 'something for nothing' business, and we are vehemently opposed to those who do. I do not expect IBOs to present their personal incomes to their prospects, nor would I ever present mine. How unprofessional and absurd that idea is, not to mention a ludicrous invasion of privacy. We present the IBO compensation plan, we offer a continuing education and mentoring system second to none, in which all interested ibos and prospective ibos can meet, without any obligation, great "references" whenever they want. We should NEVER be required to give out IBO names/phone numbers to prospects; this is PREPOSTEROUS. Prospects always have the opportunity to meet numerous ibos in appropriate, professional settings, i.e., business appointments and business education seminars. To expect the successful ibos to be at the beck and call of numerous prospects is another invasion of privacy, completely inappropriate, wastes everyones' time, is unfair to the hardworking and successful ibos, handicaps their business efforts and ability to effectively help other ibos, and it gives prospects an incorrect perception. In summary, the proposed FTC rule needs to be entirely eliminated in terms of any applicability to Quixtar.com.