| Comment Number: | 522418-11816 |
| Received: | 7/17/2006 3:37:16 PM |
| Organization: | WIN5 |
| Commenter: | Rod Lee |
| State: | KS |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
This letter is in response to the proposed FTC rules. We’ve been conducting business with Quixtar for now 18 years. We are also builders and developers in Wichita and have done so for over 30 years. Building our Quixtar business has been very enjoyable for us. Though we have not achieved all of our goals, it has proven to be a very profitable business for not only ourselves, but for many others. We have met so many wonderful people through this type of business concept and so many have become great friends. Our business is about much more than income potential, it’s about having an extended family of friends who support and challenge each other in all areas of their lives. Before we registered our business, we examined materials and spoke to many people for over 2 months. There is much research and knowledge to be gained before starting any business. We felt, however, that it was our responsibility to obtain information, and our sponsor was always willing to provide materials. It is critical as we speak to all potential business owners that they educate themselves before registering. We believe that is the ONLY way to make a prudent choice. There is tremendous potential, but it is not a “get rich quick”, and we reassure every potential business owner that at every business plan. Anything worthwhile requires effort. Though we will always return 100% if someone is not satisfied, we would rather be quite open about what it takes to build a successful business. We are more about informed, quality decisions. It is still without question the prospective business owner’s responsibility to seek out information. In reference to providing references, a system already exists to make that happen. There are numerous introductory meetings where introductions are made and questions can be asked. We built our business to buy back time in our lives and utilize these meetings to save time. To have anyone and everyone be able to contact us to get endorsements would be a nightmare. Anyone who has a successful Quixtar business and a successful traditional business would be bombarded by calls, simply because of the credibility issue. There are so many ways for a potential business owner to get information, and we truly believe it is their responsibility to seek it out. It is no different than starting any business venture, a potential owner must take it upon themselves to seek out information. We always disclose the same income information to each and every prospect. It is pretty basic stuff, and they can see how income is derived. We do not disclose our personal income unless we are specifically asked. It is honestly more than most people can believe. We make a big deal out making an extra $200 a month and let it grow from there. To make separate disclosures on each income level is confusing to us, let alone a new prospect. In any business, income representation can only be potential. How is this different than our traditional homebuilding/development business? To require a person to provide a “litigation list” would be absolutely ridiculous. Would it be proper then for us to require a new business owner to also provide a litigation list? We are offering to help them at no charge for our time to build a business. I’ve never gone into a business, seen a professional (doctor, dentist, etc.) and asked them for a list of all those that have sued them. I can guarantee that some of our suppliers in our traditional business have been sued or have sued themselves. Anyone knows today that you can sue anyone for anything. To require it would be absolutely ludicrous. Let’s stop trying to legislate “babysitting” people, and make people responsible for their own decisions. We all have the same accessibility to information, and it is all prospects’ responsibility to make informed decisions. Treat this business as any other business. Rod and Cheri Lee