|Received:||6/27/2006 12:54:01 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an independent business owner with Quixtar for 4 years now. Through this business I have already hit my main goal of making enough money on the side to retire my wife from having to work. She can now live her dream of being a stay at home mom. Our future goal is that I can do church ministry for free for my life. I owe so much to the Quixtar opportunity. When I registered I received more than enough information to make an informed decision. I was given a Quixtar literature pack that had all the FTC break down for multiple income levels with examples of how that can happen. I understood from that information and in reading all the information on the sign up page exactly what I was being offered with the Quixtar business. I have offered all my prospects the same detailed information. And the great thing with Quixtar is that IBOs have 6 months to get their money back if they do not like the business. This fact along with it only costing between 120 and 160 dollars to get started helped lead me to sign up and lead others to sign up as IBOs. You get 6 months to do even more research and personally see if Quixtar works. By my second month I made more than the cost to become an IBO, so I knew it would work for me. I tell propsects exactly what kind of work it takes to make money. Our business is never portrayed as get rick quick. We specifically tell people that it is simple but not easy to build. It takes work. I always tell people that income amounts cannot be guranteed, because it all depends on their work effort. The new proposed ftc regulations would damage my ability to build a business and reach my goals as a Quixtar IBO. I understand that there are many bad businesses out there that need to be shown for what they are. However, the new proposal damages good businesses involved with direct selling like Quixtar, Mary Kay, and Pampered Chef to name a few. One of the most damaging rules would be a 7 day waiting period for prospects. I typically get back with prospects with in two days of them seeing our business. If we wait longer than life happens to people. They put researching the business on the back burner and then seven days later they have gotten too busy to even remember what they saw. One to two days provides more than enough time for someone to seriously look at the information and decide if they want to be a Quixtar IBO. Especially when it will only cost them 120-160 dollars to be an IBO and they are given 6 months to decided if they like it or not. If they don't, they get all their money back. And if someone isn't ready to sign up after 1 or 2 days they have the freedom to take longer to decide. Usually when someone becomes an IBO they want to build the business fast. They want to both start selling products and also begin referring the business to friends and family. If you then make new IBOs wait seven day periods for their prospects it will take much longer for them to turn a profit. Please do not hurt the profits of new IBOs. This rule would hurt people instead of protecting them. Other rules in the proposal also drag out the process of people getting started and hurts people instead of helping. If people think they need to contact ten reference IBOs, go over a litigation list, and learn all the specifics of earnings disclosures and financial substatiation then business growth will be stimied. Again, this hurts people instead of helping. The whole process is simply far too detailed and extremely unnessecary when our business is so cheap to start and has a full 6 month money back gurantee. These are also unrealistic expectations to put on direct selling businesses when no other selling business has such requirements. What if every wal-mart customer or employee had to be given their litigation list? The best idea for a new rule would be to require every company to have a full refund rule, giving people 3 or 6 month period to check out the business.