Comment Number: 522418-11075
Received: 7/17/2006 1:37:53 AM
Organization: Globalnet Online -Quixtar
Commenter: Winnie Reynoso
State: FL
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I commend the FTC for coming up with a proposal to combat fraudulent businesses. I do have concerns though in some of the proposed rule which I believe instead of helping honest business owners like us, will instead penalize, burden and even slow down our businesses, preventing us to become successful. I have been a Quixtar IBO for almost 2 years now an I find it in this business opportunity a way to supplement my family's income as well as a way for me to actually get my time back to spend with my growing children having an online home based business like this. I believe so much in this opportunity, having met other people already successful in this business, and having an organization in Globalnet that allows ordinary people like me learn to become entrepreneurs using such a simple concept of prosumerism. I have actually experienced great personal growth and have seen my income multiply in just matter of months with Quixtar. With this great oppurtunity, it drives me to bring others along to experience the growth and help other people like me achieve their goals in life, and have a hope in the future. I registered in November of 2004. I was referred by a co-worker of mine who was already an IBO to another IBO in who showed me the business plan and left me with a business module that contained materials about the business including a compensation plan that specifies income averages of actual IBO's. Then in 2 days we met again to let her know of my decision of joining the business, at the same time I got to meet other IBO's. This is basically what we duplicate when we meet a new person who is open or looking to learn other ways of making an income. We tell the interested party that our business is not a get rich quick plan, that it does require effort on their part just as in any businesses. It cost approximately $150 to join the business which includes the initial registration fee plus optional product pack, which all comes with a money back guarantee should the person decide to leave the business. So you see, the requirement of a seven-day waiting period would drastically slow down our businesses, and it's potential for growth, due to the fact that our businesses thrives on business volume. Do you think gas stations or other stores out there would feel the burden, if they were required 7 days of no sales for every customer? I also oppose giving away a list of local IBO's with their addresses and phone numbers for the new interested party to contact. Each IBO is like a franchise owner & our business can be competitive. Do you think Walmart would give away their potential customers to Target or any other 10 stores? How about our individual privacies, as IBO's? When we meet new people and show them the business opportunity we usually introduce ourselves, our background and get them to meet other IBO's. That is our way of making sure everybody knows each other. From there, if the new person would wanna investigate, check out where we work and the people we know then they are free to that information as long as we are physically present to consent, but as a medical practitioner myself, the privacy act is a big thing. In the first place when we contact the interested party someone who already know them have already asked their permission to be contacted, so I expect the same courtesy, it shouldn't be an automatic requirement or policy. Then come the list of litigations. To tell you the truth if I wanted to know the negatives about a company, all I have to do is search the internet. There are always two sides of the story. What this proposal is going to do is bring up not just cases that are legitimate but also cases that were filed with no merit but destructive to our new honest businesses. As far as specific earning disclosures, one can never be specific on this aspect because each individual can make as much as they would like depending on their efforts. Average income is more appropriate. Thanks for considering these.