| Comment Number: | 522418-05343 |
| Received: | 6/30/2006 6:37:55 PM |
| Organization: | Quixtar (Formerly known as Amway) |
| Commenter: | william pudyk |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been a Quixtar business owner for almost four years. I am very proud to be involved with this opportunity that has benefited my family greatly. I don't have millions of dollars but I wasn't promised millions. I have access to market some of the most outstanding products ever invented. I have helped family and some friends with the world’s best health supplements and vitamins. I am so proud to involve those people that have the desire to do more for their family in perfectly legal business that is actually affordable. It's about $60. The money goes to the corporation for establishing a business tracking code, to handle all of the accounting and bonus tracking, to pay for the catalogs that are sent out seasonally, to pay for the necessary charges for processing a laminated membership card and the normal accounting required by the IRS. For an additional $100 - $150, depending on the product packs desired, some new people may make their first purchase of consumable goods and cleaning products through their brand new business to get it going right away. If there was a seven day wait period, then that would mean that the new business owners could not try their own stuff for a week plus the 3-10 days required for shipping. That would mean that a half of a month could go by before they get to start their business and try their own stuff out. The only example that I can see where this could make sense is the Amway business in country of China where they have business rules based on a Communism mentality where they can only register one new business owner per month. We live in a free country, with free enterprise and capitalism, and I strongly disagree with a seven day waiting period. Why have this rule? This business does not harm people like guns in the wrong hands do. Or are we afraid of someone having a difficult time getting their guaranteed full refundable amount of $60.00 back? Even if the new registered person ate $150 of Quixtar candy bars and sent the empty wrappers back (with free shipping - on Quixtar), they would get their full $150 back. They could even eat the candy bars today, and wait half a year and still send the empty wrappers back for a full refund. Require a refundable grace period but not a wait period. Another issue that I disagree with is the requirement of providing ten references. That is not even a requirement to get most jobs. I don't even have ten local business owners in my group. Everyone in my group is located at least 200 miles south of here. If I show a business plan to a prospect, my neighbor, for example, and they are interested in joining the team, do you think that they actually care about what someone's opinion is 200 miles away? Even if these people were local, they don't want their personal information shared with every new person that I show the business to. What if someone saw the business plan and is a bad person who asks for ten references, then proceeds to rob the ten people, steal their identities, or sell their names to some sham organization in order to solicit them or rip them off (violating the do-not-call registry)? How do we protect family’s identities and privacy? Who would ever join a business where you would be required to share your identity with 150 - 200 strangers per year (the recommended number of times that we are encouraged to share this business opportunity). After ten years of owning a business, your identity would be shared with 1500 - 2000 people. After a long career of 30 - 40 years, it could be 45,000 - 80,000 strangers that get to see your identity. Add onto that, the requirement to disclose personal income and then you have 1000's of people that know who you are, where you live and what you make, and you may never meet them. They could rob, sue, threaten or harm your family. I don't share information on my income at the auto company I work for, why should I share my business income? That would only make some bad people jealous or envious.