| Comment Number: | 522418-05816 |
| Received: | 7/3/2006 5:53:30 PM |
| Organization: | Quixtar |
| Commenter: | William Laird |
| State: | GA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Please consider my comments regarding Business Opportunity Rule, R511993. I agree that consumers should have adequate information to make a quality decision about participation in a business opportunity. I was informed verbally and in print about product movement, income generation, participation in continuing business education, money back if unsatisfied situations, and dispute resolution. The person presenting the program answered my questions fully. Now that I am participating with the Quixtar program I also speak with my prospects about the elements listed above. I also loan them printed material for review over the next couple of days. In my limited experience I have already seen that too much time between initial exposure to the program information and a followup appointment leads to the prospect doubting him- or herself's ability to put the program to work for him or her. For this reason a 7-day waiting period would not benefit the prospect. The waiting period would adversely impact my working capital because I would have to stock more supplies for loaning to other prospects during the week the other prospects were reviewing what I had loaned to them. Work is a key word that I stress to prospects. The Quixtar program is not a get rich quick plan. It requires effort, time, and attention. Giving the prospect a reference list of fellow participants in my area would increase my effort requirements by causing me to have to keep up with the personal information and location and business status of those references. My personal information would be distributed to the prospects of other participants. Taking a call from someone I know is one thing. Taking a call from a stranger makes me feel threatened. It also uses up my time away from my own business and puts that time into another participant's business. Other participants may or may not have the same level of excitement as do I. My prospects' view of the Quixtar business should not be left up to another participant's way of doing things. Providing litigation lists would be a burden upon the prospects and business participants alike. Looking at the sheer magnitude of paperwork that could be required in referencing 10 years of cases filed could overwhelm prospects to the point of walking away from an opportunity which could improve their station in life and contribution to society. Thank you for your consideration. William M. Laird