| Comment Number: | 522418-11977 |
| Received: | 7/17/2006 5:11:06 PM |
| Organization: | Quixtar - Bell Iternational Inc. |
| Commenter: | Kevin Bell |
| State: | NC |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an independent business owner with Amway and then Quixtar since October of 1991. Our business has been our primary source of income since 1995. I am a graduate of the United States Military Academy at West Point and my wife is a graduate of Duke University's Physician Assistant (PA) program. The honor code at West Point states that you can not lie, cheat, or steal nor tolerate those who do. It is difficult in this day an age to find corporations and organizations that will live up to those standards. My almost 15 years of experience with Amway and then with Quixtar has been incredible. They have impressed me! They always seem to under promise and over deliver. It is even frustrating at times that they won't allow us to claim more. Our income has always exceeded what they allowed us to show. The products they offer have been quality and backed by money back returns. We have been blessed with much more than a business opportunity and a way to make more income than we ever dreamed. We have found our purpose in life - to help other people. Response to proposed rules: Waiting period - A prospect has months to determine whether they are going to continue with their business because of the money back guarantees. I don't see how a mandatory waiting period would help. Managing or enforcing a waiting period would waste much of the limited spare time people have to build their business. References - Most prospects come to business seminars and meet other business owners before they get started. They have plenty of opportunities to ask questions and get comfortable. We encourage people to make a good quality decision. The existing business owners are more at risk than the prospect because we are investing our time and our business support materials in them. Litigation list - Does every other company in the world have to do this? Isn't this accessible through google anyway? Am I somehow responsible for other disreputable business owners? Specific earnings - We do provide the SA-4400 for prospects to review. Prospects are told that they get paid based on what they do and the volume that runs through their business. The diversity of outcomes is staggering. What does average mean? I don't think a prospect would spend time looking at any more disclosures or disclaimers because in the end what happens is still up to them.