| Comment Number: | 522418-10925 |
| Received: | 7/17/2006 12:06:45 AM |
| Organization: | Quixtar |
| Commenter: | Marvin Gold |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an Ibo Since 1999. Full time I am an Electrical Engineer fortune 10 Company. This is the only business that you can give part time effort and get a full time income. It is awesome. I make and extra$1000/month(net) minimum through my business. I will match my Job income with in the next year. Needless to say, Quixtar bus opportunity has change my life Financially, Emotionaly and Spirtually. I would consider myself as having a handle on how to make money so I would like to comment on some of the FTC proposed changes. First and foremost with Quixtar there is a 100% satisfaction gurantee refund policy on registering . So for 6 months you can get all of your money back with no hassle. If all Multilevels have this one rule It shouldn't matter what, when, how we disclose information. Because the person can get their money back. If there not smart enough to do so, shame on them. All changes proposed effect the honest company, dishonest companies don't follow the current and won't follow these rules either. With that let me tackle some of the specifics. Waiting Seven Days for Registrations. - People are grown adults, should we wait seven days to buy a car, purchas a stock, by groceries. Its a personal decision as an adult to be able to make a decision if something is good, bad, or indifferent. Not the government - Our business works on excitement 7 days will Kill that exponential multiplier that is essential to fast growth and people doing well. This would effect my income adversley by at least 50%. We need to harness excitement not dull it. Providing References- The glue of the business is the entegrity of the line of sponsorship and not being able to steal IBOs from Other IBOs. If I were to give my prospect 10 other IBOs in my area(who did not have the drive to talk to this one person), the prospect could go into business with someone they know better than me. This could be detremental to the prospects business because the friend is not actively building the business. First to market should be rewarded as with all businesses. Litigations List - This is rediculous no company markets there issues. Companies market strengths. Earning Disclosures - This is provided by the SA 4400 cover all the income that the prospect needs to know. Specific Earnings - That is personal information. If I am showing the SA 4400 plan prospects know exactly what the potential is. My income may motivate them or de motivate them. I want them to a make a decision on the merrits of the plan. Untill you have developed a multilevel business to a sizeable income you really do not need to make decisions for our industry. The business is easy but not that intuitive.