Comment Number: 522418-11357
Received: 7/17/2006 10:52:24 AM
Organization:
Commenter: Ram Chandra
State: NJ
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I am an independant business owner along with my wife, affiliated with and powered by Quixtar.com. This business has been a blessing in our lives and will continue to be so for generations to come. As a physician by profession, this business has enabled I and my wife to work for a common goal in our spare time and has enabled us to grow personally and affect positively 100s of families, which I wouldn't have been able to achieve as a physician. We are writing about the proposed FTC rule which would negatively affect not only the existing IBOs, but also hundreds and thousands of prospects looking for a LEGITIMATE, honest, affordable, and proven business opportunity. That in a nutshell describes Quixtar opportunity. 1. The requirement of a 7-day waiting period: this would be unnecessary as before the prospect qualifies he not only sees the full busniess plan for an hour or more and gets to meet with not just 10, but upto 100 plus IBOs and prospects. 7 day waiting period will afftect the prospect's ability to generate income. For any business owner each day is precious in terms of productivity, for example if he has to wait for 7 days to register his family and friends, who in turn have to wait for 7 days, hundreds of days are wasted and become non-productive. 2. As mentioned above since the prospect gets to meet other IBOs and prospects at the Opportunity Seminar IN PERSON, not by phone or mail, giving references would be unnecessary. More over its a question of our safety and privacy. On the other hand there is also the possibility of the referred person ending up registering the prospect in his business; that would be very unfair, as it takes so much time and effort to take a prospect thro' different stages before he registers. 3. Providing "Litigation List": This is the most outrageous of the requirements, as it has absolutely no credibility. Unfortunately any person who is alive and breathing can litigate in this country (sometimes even the dead!). That is the reason for skyrocketing health care costs, insurance costs, and everything else that affects the cost of living. You all know how much of time, tax-payers money and man power is wasted in this country on frivolous and fradulant "litigation" cases. When this is not required for jobs why then for a business which costs just a couple of hundred dollars to start. This rule will waste lot of time and cause unnecessary confusion. 4. Earning disclosure and financial substantiation: We already give no guarantees about income, as it depends on the individual's work ethic, willingness to learn and change; it is not a get-rich-quick scheme; it is clearely indicated in the business plan, literature pack that the prospects get and at the registration process itself which he signs if he/she qualifies and decides to register. A prospect already gets 3-4 chances to say no to this opportunity before he registers. Moreover his registation cost is fully refundable if he decides not to pursue this business that costs a couple of hundred dollars, even if he has used up the products that came with the kit!!! What more guarantee can any one give? I have never had a situation where Quixtar deviated from this policy. NEVER!! While we appreciate the efforts made by FTC to weed out the illegal pyramid schemes, touting as business opporunities, at the same time FTC should study very carefully the Quixtar business model by interacting with successful IBOs; then you would know that the proposed rules would affect very adversely our business model which is changing the lifes of millions of people all over the world. This will shake the very foundation of the Free Enterprise system on which this country was founded. We urge you to make the right decision, and the right rules. Sincerely, Ram Chandra Anita Chandra