| Comment Number: | 522418-10909 |
| Received: | 7/16/2006 11:58:24 PM |
| Organization: | Quixtar |
| Commenter: | Sultan Meghani |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Me & My wife get registered with Quixtar two years ago we were given all the information at the first meeting and then we made decision to join. Its a awsome opportunity it has not given us enough income, we are working on it but it has changed our life for better comming from corporate and business background the teaching we get from this business is very valuable for us and for our family.... When we register prospect we show them a plan and the FTC approved numbers and tell them its not quick rich scheme it requires lot of effort and the rewards are great, as we were told, and no guaranties and if you decide to quit within six months you get your money back (as it happens with my IBO's so I know the company stands behind their word) We appreciate FTC work, but this proposal will create lot of set back to our business for example 1) The requirement of a seven-day waiting period: this requirement will hurt our business big time because if we sponsor a prospect they have to wait seven days and for another prospect seven days this way too much time is lost and I may even lost the prospect to other IBOs or he may decide not to start as he can think it can hurt the profitability of his business, in quixtar the money back guaranty is there so why seven days if a prospect wants to get out he can within those six months. so knowledge of requirement of a seven-day waiting period is no use to a new prospect. I hope and pray that FTC does not put this restriction on our business it will effect our income... 2 The requirement to provide references: when we register IBO's we all meet in conference and meeting and they interact with each other so they get lot of information from them and they see the IBO's from diverse background which is a good reference for them so to provide reference before registering is like violating privacy of other IBO's and some may even registered with them so we loose a prospect that mean we loose business for lifetime..once again I hope and pray that FTC should not put this restriction of providing Reference.... 3. The requirement to provide a "litigation list: this is such an awsome opportunity if litigation list is provided to new prospect he is going to run away, big corporation where we go everyday to buy daily product do they list all the litigation list on there counter or any visible area. then why we need to show, prospect does not need to see any litigation as he is not investing lot of money in this business he is starting with only $175.- which is refundable within six month if he chooses to quit. 4. The requirement for specific earnings disclosures: we do show prospect sa400 or the FTC approved figures... and that is good enough for the prospect 5 The requirement for financial substantiation: we do share with the prospect what difference quixtar business has made in our life but amount of money we make is really a personal matter and it should not be shared with others its very Inappropriate In the end, I appreciate FTC's work we need body like this which regulates all the business opportunity and monitors the fraud. Sir, to me this quixtar is a very good opportunity I understand that its upto me to become successful, they are providing us with all the tools needed to be successful. I will appreciate if you please consider and not enforce any of the above proposed rules which is going to slow down our business or will effect out profitability thank you sultan meghani