|Received:||7/16/2006 12:07:24 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I have been IBOs(independent business owners) through the Amway Corporation and then the Quixtar Corporation since 1990. When we were shown how the business plan worked, we were furnished the required materials to meet FTC guidelines at that time. We consider ourselves very cautious, maybe even suspicious, so we took the time to check out the material. We have duplicated this to anyone that we introduce the business to making sure that we always indicate that this is not a get rich quick scheme. We have always had it stressed to us to make sure that we handle ourselves professionally and furnish all appropriate materials to individuals so they can make a proper decision for them. When we register someone in the Quixtar business, we take them onto the site and personally go over the entire registration form with them. When registered, the new IBO has a money back guarantee for 6 months if they are not satisfied. If you have this 6 month money back guarantee, then it is very difficult for me to understand why a 7 day waiting period is necessary. We are showing this business to adults who are responsible enough to make their own decisions. You have a 3 day right of recission on home refinancing if you want to change your mind and a 3 day wait for a marriage license and no money back guarantee on either of these. In reference to supplying a list of local IBOs, I am not in favor of this. There are more agressive business owners who actually contact individuals to help their business grow and flourish, and then there are individuals who are not as industrious. I believe if you furnish a list, it opens up a can of worms. What if someone who receives the list notices that a cousin twice removed is on the list who hasn't even bothered to share the opportunity with him? Then perhaps he may choose to go with the unmotivated cousin and the hard work of the agressive business owner is all in vain. This is not fair to anyone, including the new prospect. Wouldn't he have a better chance of succeeding with someone who is active in their business? I personally do not want my name being furnished as a local IBO as I feel it is in violation of my privacy. Do other business owners have to furnish their names to other potential businesses coming into an area? In regards to furnishing the litigation list, I am againt this as many of these ligations have no merit and never even make it to court. Again do other businesses have to furnish a litigation list? If a person is interested in doing business with us/Quixtar, they can check it out themselves if it is even a concern. MY WIFE AND I DID. As noted above, we have always been informed that we must hand out to prospective business associates a form that met your guidlines. This form shows the average monthly income of a distributor (which by the way includes All distributors, whether they are building the business or not). I refuse to show my income to prospective associates. I feel that this makes me and my family a target as our income gets larger. I have never heard of someone going to apply for a job and ask the boss doing interview what he earns. Or perhaps he does, but I can guarantee you that the boss does not answer. Personal income is no one's business but theirs. I would never ask someone to furnish me that information and expect the same courtesy. The Quixtar business has been very good to my wife and myself. She was a mortgage banker and I was a teacher. This business enabled both of us to retire at an age earlier than 65. We are proud of our business and feel that with proper work ethic others can also achieve success in this business. If we did not, we would never have gotten in ourselves or shown it to others. We have good reputations and always protect it . We stand behind this corporation and feel that the corporation goes over and beyond in being fair, honest, and above board with all of its distributors. Thank you .