|Received:||7/12/2006 11:14:13 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife Kelly and I have been Independent Business Owners, IBO's, with Quixtar for about 5 years. We love everything about the opportunity, the potential to earn extra income, the personal and professional taining and education, and the ability to help other people create benfits in their own lives. The goal of the FTC to reduce fraud and deception, as people are looking at business opportunities is a great goal. All of the people we have talked to about Quixtar are pleased that we are so open about all aspects of the business. We share FTC approved statistics, we encourage them to talk to members of our business team, and never pressure them into making a "snap" decision. We also let them know where they can get additional information, if they want it. Most people want to make up their own mind, on their own time schedule, without having to be concerned about a bunch of government regulations. I am afraid that making people wait 7 days before getting involved, having to give them a list of 10 people in the area, and providing a list of all the people and complaints about an opportunity, is only going to hurt the prospect, and prevent people from becoming involved in worthwhile, legitament business opportunities. Quixtar's practice of giving people their money back if they are not satisfied is a lot more practical, and is more benficial to the prospect who recognizes a good opportunity and wants to get started. Some of the people that we have brought into the Quixtar opportunity have just wanted to "test drive" it for a while before building a business out of it. This gives them insight into the value and convienience of the website, and knowledge of the opportunity. We can not as a government protect people from themselves. All we can do is help them become more aware of things to be cautious about. As responsible IBO's bringing a great business opportunity to people, we must present a complete set of facts along with any additional resourse material that will help the prospects make an educated informed decision. Governments role may better be, to educate the public about fully researching ideas or opportunities before they commit money to them. Encouraging them to ask questions, and to have the people presenting an idea or opportunity provide the information that they, the prospect, themselves feel would enable them to make a sound and educated decision. Please remove the proposed rules to: make a prospect wait 7 days, require prospects receive 10 name of pople in the area that are involved in the opportunity, and a list of all of the complaints about the opportunity. None of those proposed rule would benefit the prospect at all. Beside would you put those same demands on a person showing a friend the benefits of owning a McDonalds franchise??