| Comment Number: | 522418-10078 |
| Received: | 7/15/2006 5:26:00 PM |
| Organization: | |
| Commenter: | U. sankalia |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My husband and myself have been Quixtar IBOs since it launched. We have achieved the Platinum level and working towards our Emeraldship. This oppurtunity has provided us not only income but personal growth and people skills that are invaluable and can be applied in all aspects of life. Coming from Corporate backgrounds the key difference is the phenomenal mentorship program that this business offers. Seeing our commitment and success our 19 year old son is also an IBO. He is attending collage to pursue his degree in Technology but diversifying on the side. An FTC rule that protects consumers is important since we have met many people who have had bad experiences with other bogus schemes but some of the specific issues in the proposal will hurt honest buisness oppurtunities like Quixtar. 1) 7-Day waiting period : Our personal experience is having only corporate background if we had waited 7 days we probably would not have registered since our mentors are long distance. We are at this level because of the activities done within the first 30 days after seeing the oppurtunity. Waiting 7 days would have had a negative impact on our business. The key reason the 7 day waiting is not required for Quixtar since we have 6 month money back policy. There have been a few people on our team that have asked and recieved their money back, so we know for a fact that the company stands behind its word. 2) List of 10 references: Eliminate that requirement since it does not provide any benifit since we already have a 6 month money back policy. In addition this is confidential information and when we have someone in a different city we may not have 10 names in that area. 3) List of Lawsuits: Most major corporations have some lawsuits or litigations ongoing, there are no listings in stores with that information when we purchase those products. This proposal will just cause a lot of false litigations. As far as individual IBOs, we cannot control the actions of an individual and nor do those actions have any impact on the way we personally conduct our business. This information would be irrelevant. The 3 key points that we currently share with our new prospects are more important for them to make an informed decission then the requirements of the proposed rule. They are as follows: a) This is not a "get rich quick scheme" it is simple but not easy and will require work based on the goals you want to achieve. b) 6 month money back policy for the Quixtar registration.(approximately $175-$200 based on state taxes) c) The numbers for income potential are approved by FTC. This can also be viewed on the Quixtar site or SA 4400 In closing, I would like to say that we commend the FTC for working on a proposal to prevent bogus schemes from flourishing, but please do not make rules that would strangle the growth of legitimate direct selling oppurtunities.