| Comment Number: | 522418-09631 |
| Received: | 7/14/2006 9:04:03 PM |
| Organization: | |
| Commenter: | Alan Gates |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I agree in principle to the proposal but believe it is flawed in several ways and should be retooled. I am a distributor of Quixtar products and am actively building a business. Though I am not yet making much money, I am very happy with my decision to start the business. When I was approached about this business, I was provided with the proper information to make an educated decision and encountered no "secrecy" about it. I carry the same policy with any prospects with whom I speak. When people register for a new business, my policy is to make it clear to them that there is a 100% money back guarantee. The proposal to force people to wait seven days is detrimental to the prospect as well as the business owner. Based upon the fact that a 100% money back guarantee is available, there is really no need to force the delay. I also disagree with the requirement to provide trade references unless you are referring to the Quixtar Corporation itself (since that is our main supplier). Since there is no secrecy involved, all prospects are aware of the Quixtar backbone and can do whatever research they feel necessary. As a matter of fact, I encourage them to do so because I want them to be comfortable with their decision. The prospective earnings that the prospect hears about are the same earnings that are publicly posted on the Quixtar site. This means that there are no deceptive practices going on (at least in my Quixtar business). If you propose that I provide more earnings documentation than that which is publicly posted, then you will put undue hardship on me, the honest business person. I hope my comments enable you to see that the proposal, as currently drafted, needs to be retooled. I am in favor of cracking down on the scams but we need to make sure that legitimate businesses are not swept away in the jet wash. Yours Sincerely, Alan Gates