Comment Number: 522418-07173
Received: 7/9/2006 7:00:29 PM
Organization:
Commenter: John Trimble
State: NE
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

We are John and Melanie Trimble. We have been involved with Quixtar for about 3 years. Although we have not yet met some of our financial goals, we have learned so much and our family has set some amazing goals. We have always been impressed with the people we have met and with the optional training and materials that are available. Being around this business has opened our eyes to the Free Enterprize System that our great Nation offers us. We have always been proud to be part of a business that is built on honesty and integrity, and totally duplicatable. When we share this business opportunity with others, we tell them the low start up cost, that the educational products are recommended,but opptional, and the money back guarentee eliminates the risk. Prospective IBOs have always been encouraged to check out what the FTC has to say about us. With that being said, we have some concerns about the FTCs proposed rule. 1) The seven day waiting period would hinder a new excited IBO from experiencing success as soon as possible. It would be like a new business ready to open its doors with everything available but unable to have a single customer. A business with no success ends up being a failure. We suggest that no seven day waiting period be required for businesses that already offer you your money back if you are not completly satisfied. 2) This business allows you to choose who you want to be in business with you. Prospective IBOs are always encouraged to come to an open meeting (at no cost to them) so they can meet other IBOs, ask questions, and get more information. Giving out the personal information of other IBOs would be an intrusion of privacy, and there would be a much greater risk of losing a prospect to someone less honest. It would be like an employer sending its future employees to other employers for them to interview all the time. It would be a burden to all involved. 3) We would also eliminate the requirement to disclose litigation from the past 10 years. We feel this would not be a help as the disclosure would still not distinguish between what is truth and what is false. It is extreemly difficult if not impossible to regulate honesty and integrity. 4) The Quixtar business has always been a simple business with a level playing field. And while it takes work to build this business we don't want to complicate it either. We feel that if an income claim is required that it be a simple diclosure, such as THE AVERAGE GROSS INCOME FOR ALL 'ACTIVE' IBOs is.... This would be simple and it would show that there is an income to be made. 5) IBOs being required to provide personal financial documents is also a concern. We feel that this would be another invasion of privacy. IBOs should be able to share this informaton if they want to, but once again you can't regulate honesty and integrity. We appreciate the fact that you want to help protect unsuspecting people from scams, but please do not penalize honest, law abiding businesses in your attempts to do so. Thank-you for your time and consideration in this matter. John and Melanie Trimble