|Received:||7/1/2006 6:26:18 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear FTC, I am writing on behave of the Quixtar Oppurtunity. I have read through the proposed law that you'd like to impose on all networking businesses, however, there are a few things that I believe should be revised that would keep some people from pursuing this amazing oppurtunity to become financially independent, which I have been involved in for about a year and a half. The main things I have a problem with are the 7-day waiting period, the list of 10 contacts, the separte income disclosure claims, and having to provide financial records to substantiate each income claim. First and foremost, the 7-day waiting period shouldn't be imposed because it delays the growth of a business, at a peak time, when the IBO is most excited about the oppurtunity. It does this because from the time a prospect hears about the oppurtunity, until the time when they'd be able to register & start to build their own business, it'd be a minimum of a two week waiting period. This is a problem because even if a major event happens, in one's life, the excitement decreases a few days after the event. I'd compare it to buying a car or house and not being able to use it or show it to anyone for two weeks, which can be discouraging for some. Secondly, the list of 10 contacts for references isn't necessarily needed. I believe this because, through my personal experience, a prerequisite for being an IBO is to attend a bigger meeting that has anywhere from 30-50 people, on average, involved that are IBOs, which gives the prospect an oppurtunity to learn from those IBOs experiences with Quixtar. So, in a way, that's already a part of the organization, except for the contact information for each IBO, which I believe is a violation of privacy. I believe this because I wouldn't like a stranger, especially if I was a female single building the business, to have all that personal information. This is because if a prospect was shown the oppurtunity and gained access to all that information they'd have the ability to stalk, rob, or commit numerous other crimes, more easily, which could pose some serious problems in the future. Thirdly, the different disclosure for each income claim would make showing the oppurtunity more confusing for potential prospects, because in this oppurtunity the different income claims vary so much depending on one's work ethic and people skills. With the way it is now there's a set standard that has already been proven, time and time again, that will be acheived after certain actions are taken by the IBO. This makes it easy to understand and very duplicatable which is key for any networking business, to increase succes rates. Lastly, I don't agree with having to provide personal financial documents to a prospect. The reason for this is because that allows a prospect instant access to your banking and financial institute information, which would put IBOs at more risk for identity theft and other related issues. I also believe that it would discourage some prospects from getting involved. This is because a lot of people value the right to privacy so much, that getting involved with a business that doesn't allow you to keep those rights would be a major discouraging factor, especially when the United States Government has given us that right from birth as citizens. However, I don't have a problem disclosing that information to the FTC or other state agencies in case of investigation. The reason I feel that is because by law the FTC and state agencies are bound by confidentiality, where as, prospective individuals and couples, are not bound by those same laws and statues of limitations. In conclusion, I think the FTC's goal to eliminate fraudulent businesses is legit, but I do believe it needs to be more thoroughly thought about and discussed. Thank you so much for allowing me to state my opinions and let's not forget the rights we have, as American Citizens, to privacy and free enterprise!!!!!!