| Comment Number: | 522418-10027 |
| Received: | 7/15/2006 4:08:40 PM |
| Organization: | Quixtar |
| Commenter: | Ronald Fetter |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We joined Quixtar in April of 2004 and were excited to get involved. The main goal we have attained to date with the help of our upline is to understand the delayed gratification process and debt elimination. To us, this is a great benefit above and beyond the income. Our sponsors were very helpful and informative and more so as time goes on as our friendship has developed. Of the people we have shown the plan to, I've had no one I'm aware of think it was going to be an instant success, as we teach the 2-5 year plan. In regards to the 7-day waiting period, I find that it would defeat the purpose of registering prospects. If you understand the concept and don't follow up in 2-3 days, people lose their interest. We always stress initially that there is no obligation to sign on and there is the money back guarantee once they do register. As far as providing a list of IBOs, I always tell prospects of my upline and their success and to check with them if they have concerns. Giving the personal information of 10 other IBOs is getting into infringement on one's privacy and also opening the door for other IBOs to register that same prospect. We have a very active weekly open meeting and all new prospects are very welcome and are introduced to everyone - upline - crossline - with no problems. I find the litigation issue unnecessary. Again, if you want to check up on the company for the past 40 years, the proof of our credibility vs the negativity, there is no comparison. As far as specific earnings disclosures, we always explain the income potential if they follow the 2-5 year plan and leave them an SA-4400 - 6-4-2 brochure. Again, we specify it is not a get rich quick scheme and believe that the information on personal income is again shown on the brochure - as average monthly gross income of $115 - and is sufficient. We try and tell prospects we are not yet making what we want but are working on it. In summary, being required to offer prospects personal financial records is absurd. Does anyone openly share their incomes in the real world? We were in the Amway business in the 1980s when the FTC gave the company a clean slate. What's the problem?