| Comment Number: | 522418-10404 |
| Received: | 7/16/2006 12:31:00 PM |
| Organization: | |
| Commenter: | Dick Chan |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-10404.pdf Download Adobe Reader |
Comments:
Dear FTC, I am responding to the proposed rules on business opportunities like the one I’m in, Quixtar. I have been a participant of Quixtar and its predecessor Amway for the last 17 years and had participated as a customer and now an Independent Business Owner. Having the opportunity to share this opportunity with others is a true blessing and this business has given me hope is times when life looks at it bleakest. I can assure you that the Quixtar opportunity and its guidelines makes the prospects that I approach gets the best and transparent information I can provide since every IBO that I register, I would go out of my way to ensure they have every opportunity to succeed. Every new registration cost about $145 with a 6 months money back guarantee and I never sell this opportunity as a get-rich-quick scheme because we are a legitimate business and as legitimate businesses goes, there is a grows period of 3-5 years. I heavily relay in message and most don’t get in because they were looking for a “quick-fix” and realize this isn’t it. I would like you to reconsider some of the following points: • I don’t feel that the 7-day waiting period to register is substantiated since we have a 6-month money back guarantee. • The requirement that we have to provide 10 references violates that IBO privacy. Did you know that when an IBO is registered, they have the option to stay “hidden” from everybody upline from their sponsor, why then would they want their information be disclosed to 3rd parties? Besides, disreputable IBO can steal our prospects. • Giving prospects a list of litigations. Litigations are usually generated by disgruntled former IBOs who probably joined with unrealistic expectations and/or tried to build their business outside the guidance of the IBOA through fraudulent practices that back-fired or used this as a means for their own get-rich-quick scheme. • Requiring specific earnings will set unrealistic expectations since no two people in any business ventures are alike. Example: there are lawyers, doctors, realtors, CPA’s, etc that makes lots of money and there are many in the same fields that don’t make the money. It all depends on the individual desire to succeed. Each person seeking an opportunity has the right to believe in his/her own potential and shouldn’t be swayed otherwise. We have the business document SA4400 the disclosed the “Average monthly income of **active*** ibos”. That in itself should be sufficient. • It will be unfair to disclose our personal income to prospects because, again, setting a false expectation which is what your new proposed rules are trying to prevent. Within the SA4400, it fully discloses the expected income an IBO can make as their ‘business volume’ grows. How fast a new IBO hopes to achieve that is within them. That is why this is a business opportunity not a JOB. Please reconsider these rules for the Quixtar Business. Sincerely, Dick Chan