| Comment Number: | 522418-07476 |
| Received: | 7/10/2006 10:53:32 PM |
| Organization: | Team Builders through Quixtar Order Consolidation Site |
| Commenter: | Amy Ladensack |
| State: | TN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I'm 18 years old and I've been using the Quixtar Order Site for about 4 months now. My family has been in since I was 16 years old. Some issues on the Proposed Business Opportunity Rule concern me. I feel that a waiting period to develop a business is not necessary for a prospect because we make sure that our prospect's questions are answered and we give all the information that they would need. Also, if they are not satisfied after they sign up, we offer a money back guarantee. I propose having a money-back guarantee as a policy instead. Also, it would hurt my business for me to give 10 references of IBOs. My network is not very large yet, so I would be giving out names and phone numbers of people who will not benifit in any way if they gave a positive reference and may be happy to sign the prospect up themselves instead of encourage the prospect to sign up under my sponsorship. Rules like that encourage dishonesty. As for the proposal to show specific earnings disclosures, and the requirement for financial substantiation, I believe they take away the right to privacy from IBO's. We should only be required to show disclosures to income claims and personal financial substantiation to the FTC and similar state agencies for investigations, and refer prospects to your reports. Thank you for your desire for my input and opinion for this proposition. I appreciate your concern for the well-being of my business.