|Received:||7/3/2006 12:10:40 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My husband and myself have been Quixtar IBO's for almost 7 years now and prior to that were Amway IBO's for 17 years. While we have not built the business into a 6 figure income, we enjoy a moderate income and have helped others to actually build bigger businesses than ours. If the FTC proposed rule were to go through our income as well as that of all IBO's we have helped would be jeopardized. Points to consider #1) Prospects should be allowed to register immediately rather than having to wait 7 days after receiving a disclosure. If you go to a car dealership or into a furniture store or if you have cash to buy a home, no other 'company' makes you wait 7 days to make the purchase, do they? #2) As with EVERY area of business, religion, sports, school--there are reputable people involved and then some that are not so reputable. Having to provide a list of references is NOT a good idea at all. If I provided a list of references, that propect might decide to register with one of those 10--not to mention that it would infringe on the privacy of other IBO's. I wouldn't want my name put out there for everyone. I have enough just trying to take care of my own business much less every Tom, Dick and Harry in another line of sponsorship who just wants a 'reference'. #3) Having to give prospects a list of all lawsuits, arbitrations and legal claims is absurd. They can look it up on the web like they are doing now. Even the ones which end up being 'fraudulent claims' are still posted on the web and are not removed. We're already losing enough people to JUNK like that. The problem with the web is that no one 'police's' it to make sure the things on there are accurate. My banker doesn't give me a list of all the 'bad debts' he has incurred or his lawsuits. Does that mean he doesn't have any? No. #4) As for the disclosure's for every level of income--I know how this business works for the levels I've attained and several that are 'in sight' for us at this time. To understand ALL of the levels of income is completely beyond my or any new person's comprehension. As with the other 3 businesses we personally own, we go as far as we can see and then we learn more and develop those other businesses to that level. There is always something new to learn. Besides--almost every other year since we've been registered, more bonuses are added, so each year or two it would be that much more for the newest person to understand. Does a master surgeon know EVERY detail about every type of operation when he first gets out of school? No--he goes through a 'residency' and continues with on-going education credits. That's exactly what people in our business are doing too. #5) I would totally refuse to provide personal financial documets to back up any income claim--just as I refuse to provide it for Dunn & Bradstreet. My husband and I have become well respected leaders in our community, church and in the business world with our other three businesses (besides Quixtar), but I don't give anyone our income information other than my accountant and bankers. Besides a new person just starting out and trying to share our business with someone doesn't have any 'personal financial documents'. All in all, we would ask that you leave everything just as it is. Everyone knows that Quixtar is the 'example' in the Network marketing arena. They are doing a fantastic job! Believe me, we've checked out some of the others which receive kick-back just for registering people--which is illegal. We would appreciate it if you would enforce the laws and take those companies 'out of the picture' for illegal trade practices. Thank you for your consideration.