| Comment Number: | 522418-04440 |
| Received: | 6/26/2006 10:12:51 PM |
| Organization: | Light of Hope (Quixtar) |
| Commenter: | Robert Andrew |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
The proposal of the FTC is generally a good idea. I have been affiliated with Quixtar for 6 1/2 years and know that the rules set out by the corporation that I am require to abide by are clear, honest and upfront. Your proposal states that prospects should be given proof of income. We are required to share with prospects the average monthly amount paid to active IBO's (define Active IBOS's). That is all that needs to be provided to prospective new business owners because this is a business where each person is responsible for his/her own performance and rewards come based upon performance. All of that is explained in the presentation. Plus all prospects are encouraged to attend a meeting (free of charge) to meet with other successful IBO's who are the proof that the system works. A requirement that I provide prospects 10 references 7 days prior to registering is potentially damaging to my buisness. And I feel unnecessary. There is nothing that would prevent any of the 10 referalls from registering my prospect as theirs. That is not a good way to conduct business. To wait 7 days to register is damaging to my buisness as well. A business that is legal, moral and ethical is one that should be introduced to more people as quickly as possible. Quixtar is such a business. Please review the proposal and change the specifices to meet the needs of legetimate Business Owners.