Comment Number: 522418-05593
Received: 7/2/2006 11:43:37 AM
Organization:
Commenter: Jenny Finlinson
State: UT
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To whom it may concern at the Federal Trade Commission; Hi! My name is Jenny Finlinson. I am an independent business owner who is associated with the Quixtar organization. I have been reviewing your proposal and have some concerns. After presenting someone with the business idea, they are excited and ready to get started. By capitalizing on this excitement, the entire team is energized. Momentum is then created which leads to faster results for the new member. A waiting period of 7 days could potentially curb or destroy the enthusiasm of the new prospective member. Many times after learning about the business, the prospective member wants to share the idea with their family and friends. If the idea is shared in the manner consistent with the way that the rest of the team does, the new person has a greater chance of succeeding. In addition, the prospective members are offered a money back guarantee if they are not satisfied with the business. So what is the point of a waiting period? Requiring the prospect to receive a list of 10 references in the area would be damaging to the IBO who is doing the work of contacting and attempting to build their business. It doesn't make sense to go to the work of contacting and presenting the business idea to someone and then turn around and send them out to the competition. In addition, it is an invasion of privacy to the IBOs on the reference list who may or may not want that information released and who may or may not be active in the business for a variety of different reasons. I wouldn't want my name placed on some list that was being distributed to people that I didn't know. With all the lawsuits that exist in this world, what is the point of requiring that information to be released. Where do false accusations fit into the overall scheme of things? As we all know, there are legitimate grievances and then there are people who are out to make a quick buck at someone elses expense. As a medical professional, I see this all the time. My last concern deals with disclosures on income. I agree that exaggerated claims of getting rich quickly should not be allowed. No one becomes a millionaire overnight. However, why can't an average monthly income for active IBO's be used instead? It is no one else's business on how much I make as an IBO. As a nurse, I never had to tell prospective new nurses how much money I earned with documentation to back it up. The majority of new nurses only want to know a ball park figure which is usually based on a national average. I realize that there needs to be a regulatory agency to help protect us as citizens from bogus scams. However, this quixtar opportunity has changed my life. It has given me financial hope for the future and has allowed me to take part in a business venture that is limited only by my own effort. Sincerely, Jenny Finlinson