|Received:||7/17/2006 11:32:33 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been associated with Quixtar and its sister company Amway Corporation since 1993. I have been able to achieve my personal goal of financial independence to a certain extent up until this point. I find it to be the best business opportunity available for people who are ambitious, honest and hardworking. When I registered with Quixtar, I saw the Sales and Marketing plan ONE MONTH before I registered. I attended 4 separate presentations and NEVER ONCE during that time was I forced to make any decision. I have also since followed the same practice with my prospects in my own business namely; no prospect of mine has ever been forced to sign up. The choice has always been theirs with regard to the time and the entry level. People who have signed up with me, have paid a nominal registrations charge of approximately $300 out of which the entire amount has been refunded if they chose to opt out of the business within 6 months of their starting the business. After that period, although I was obligated to only refund them the cost of items that were in re-salable condition, I have paid them at least 75% of cost of ALL of the items returned to me, whether I could re-sell them or not. Creating a forced wait period of seven days, will not work simply because it will allow lazy folks to create mischief and waste our time. In most cases, each and every one who starts this business, is doing it part time and so added time requirements will severely cripple my business it not kill it entirely. I remember that I had decided to start this business at the end of the first presentation itself, but I waited for 3 more weeks just to pool together the $200 sign up fee (prevalent at that time) FTC already requires financial disclosure by Quixtar and it is present in our printed document provided to ALL prospects (SA 4400). I see no reason why I should be forced to provide my prospect with my personal financial disclosures. The primary reason for this being, there is no way the FTC can guarantee the amount of effort put in by the different prospects. If people put in less effort than me, I expect that they should make less money than me. So if I were to provide them with financial disclosures, then I would be promising them things that they may not be able to achieve, simply because they may not be able to match my efforts. Providing a litigation list, is not a feasible idea, because, I my experience, I have found that most people do not read through all the material provided to them in its entirety. I see no reason to unduly burden the prospects with a list of lawsuits, many of which have already been judged by the courts of law.