| Comment Number: | 522418-05626 |
| Received: | 7/2/2006 6:26:56 PM |
| Organization: | InterNet Associates (INA) |
| Commenter: | Richard Ossinger |
| State: | OR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been in the Amway business from 1965-1999, and in Quixtar, a sister company since 1999.I testified before the FTC on July 8th, 1977 (Docket#9023). Feel free to pull up the document. It is my opinion that this company has always presented an honest explanation of the business opportunity, and a willingness to refund registration and supply fees if some one changed their mind within a reasonable time. Myself, being a 73 year old totally blind married man can count on the fingers of one hand the people we have brought into our business who wanted to change their mind. That is a pretty fine track record for 41 years in business. This proposed change seems unnecessary and burdomsome. These businesss have given us a much better income all our working life than we would have had in any other endeavor for which we were educated. I have over 6 years of college and two degrees. My wife has three years of college. Today Quixtar is still, in retirement, our primary income. We still bring new people in and they enjoy being able to start their own business for a very small sum. $49-$200 , depending on what samples they choose. 41 years ago we started for $2 with no samlpes, and no literature. We give each prospect a corporate print out, #SA4400, which outlines all the finanicial details after we have explained them to the best of our ability. I feel that being asked to verify anyones income to someone other than the I.R.S. and their accountant or banker is an invasion of privacy. Being told to wait for 7 days would create extra expense. Iif they change their mind in a reasonable time... I think it is 30 days, they get a full refund. They just need to ask the sponsor or the company. Because of this business we have been able to travel the world. We have had the time to raise three children who are self sufficient and productive. The highest award we have earned is that of Crown Direct. We agree that ther are some dishonest people in the world, and some companies should be scrutinized. Alticore, the parent company of Quixtar in the U.S., and of Amway Corp. Internationally, have operated by the Golden Rule. They have done their own monitoring of un-ethical practices. They have required full disclosure in a very adequate manner, by insisting that each applicant agree that they have seen the sales and marketing plan and read the agreements as well as the SA4400 before they register. The outcome of the 1977 investigation established Amway as the standard for other companies. We suggest the FTC may want to do the same now with Quixtar. The management is sound, the principals of doing to others as you would have them do to you are the same. The opportunity for someone such as my wife and I to created a better life, working from their own home, is better than ever. Respectfully, Richard Ossinger