| Comment Number: | 522418-05727 |
| Received: | 7/3/2006 11:36:31 AM |
| Organization: | QUIXTAR |
| Commenter: | Ling Ho |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC officer, My name is Ling Ho and I am an IBO with Quixtar for about two years and my goal for next year is to become Platinum. Based on my personal experience, I see a need to educate public about legitimate vs. bogus business opportunity. There are many ways to do this including educating public as to what is considered legal vs. illegal business operations (definition of Pyramids or get rich fast scheme). I was told from the beginning that Quixtar business does not guarantee success and it requires hard work, just like building any other business. I only paid $50 to register the business and I was not required to buy a minimum stock every month. Therefore I work at my own pace and get the reward based on how much time and effort I put into the business. I was never forced to buy anything that I don't need and I learned how to better take care of myself , my friends, and my family using products that really make a difference in people's life. I truly feel that this is a fair business opportunity. Regarding the proposed rules, having to provide a list of litigations for the past ten years has severe impact on any IBO's business. This rule does not reflect on how me, as an individual seller, operate the business. I believe that all business runs with certain risk of litigation, which cannot be avoided in this country of free speech. A passive word against any business is stronger than ten positive words. Having our business be impacted on such an enormous scale is something any honest and hard working IBO cannot afford. In addition, there are various ways for a serious prospect to perform research on the business opportunity and make an educated decision. This rule does not represent how individual operates the business and will not be fair to most IBOs. Having a 7 day waiting period would also heavily impact on the growth of the business. 7 days lag time is an invaluable time that we cannot afford to lose. Time is the essence of doing any business. Having a potential prospect to wait 7 days before he/she can register and start the business can mean a great loss of business for individual IBO and the Company as a whole. I don't believe this wait can add much value and may increase unnecessary administrative burden to track the lag time for all parties involved. I sincerely hope FTC could effectively limit the illegal business opportunity and promote a healthy trade environment for people that truly need the business opportunity to move ahead in life and be able to contribute to society with God given talent and motivated heart to succeed. Warmest Regards, Ramie