| Comment Number: | 522418-12233 |
| Received: | 7/17/2006 7:28:44 PM |
| Organization: | Quixtar |
| Commenter: | Kartik Subramanian |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-12233.pdf Download Adobe Reader |
Comments:
We(My wife and I) have been IBO’s(Independent Business Owner) affiliated with the Quixtar corporation for over 7 years and have been extremely pleased with our business relationship with the corporation. We are Platinum IBO’s(25% for 6 months in a fiscal year) and have helped 3 couples reach the Platinum IBO level and above. We have found that being IBO’s has enhanced our lifestyle both monetarily and spiritually. The way we create income is by helping others make money which in our opinion is the truest form of free enterprise. When we saw the business opportunity we were given the WSA-4400(FTC approved document) which included all the figures and income levels as described by our sponsors. We always give the WSA-4400 document when we share the program with others so that they have enough information to make the decision. We mention that this business will take work and it is not a “get rich quick” scheme. When a new IBO joins our team we break down the costs (Registration cost and optional Products pack0 and let them know that we have a 6 month money back guarantee on the products. Personally, if after the business is presented if a prospect has to wait 7-days is like a person going to the doctor and getting treatment but goes to the pharmacy to get his prescription and the pharmacist says “I am sorry, Sir you have to wait for 7 days before you can purchase the drugs since we have to get a full disclosure. Here we have to understand, Quixtar does have a 100% Money-back guarantee. Currently the way the Quixtar business works is that we share the business with people who are interested in making extra income. Once they see it is a business that can work for them, they are given supporting literature and materials to enable them to make the decision. The ball is in their court and what they chose to do is their lookout. I would not want my private information to be given out to anyone to protect privacy. Also there is a possibility that after all the work we did to share the program somebody else can sponsor our prospect which is unfair. There is no need for 10 references to be provided to every prospect. If prospects have to see all the lawsuits etc before getting regsistered then most of the employees of Major Fortune 100 and 500 companies would not be working there. A lawsuit is an act of a particular individual against the company and is an exception and should not be made the rule. I drive a Nissan and I am sure there are 100's of lawsuits but if I start basing my car buying decision I will never buy a car let alone a NISSAN. Disclosing income levels and financial documents to a prospect is inappropriate since this is direct violation of the sponsor’s privacy. There is ample evidence provided to the prospect regarding all the income claims on the FTC approved document. This business has helped make a positive difference in many people’s lives and also has supported noble causes like Easter Seals etc. We as IBO’s help people enrich their lives by providing the best products and an opportunity where they can truly enjoy personal and economic freedom. We therefore urge the FTC not to impose the new rules.