| Comment Number: | 522418-11553 |
| Received: | 7/17/2006 1:15:10 PM |
| Organization: | |
| Commenter: | Elizabeth Straz |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Members of the Commission: I am writing to you today to let you know how I feel about my Quixtar Business. I have never been in business before and when I saw this opportunity, I immediately signed up. The reason is because everyone/eachperson/even the lowest of income person purchases consumer goods. And if by my consuming, I can make money, that is good. It is also good for the manufacturers wanting to reach all markets, as well as for the individual who wants quality and value by consuming through his/her own business. The Quixtar business model is open to anyone who wants to invest $65.00 This is very low when comparing it to other business ventures and their fees to start a business. Everyone I talk to knows about the consumer site as well as the choice to take the opportunity to make it their business. It is not a get rich quick scheme, nor is there any pressure to join the business. If he/she is not happy with this opportunity, I give the money back. I would like to tell you that some of the specific requirements that you want us to do would affect the quality of my business. The requirement of providing a list of local IBO's to prospects, I believe is an infringement of privacy to my business partners. If my business partners want to share their names and addresses, they would do so. ALSO, the other objection is the probablility of my prospect signing up as and IBO under one of these references. I would be unable to stop this as the prospect has the option to type in the upline sponsor's name on the website by him/her self. And that would not be fair competition for MY business. In reference to the requirement to provide a "seven-day waiting period", a "litigatoin list", "earnings disclosure", and "financial substantiation" to all prospects, I think is too much. I thought this information was only required by your own tax advisor/preparer. At this time, I cannot give any of this information as I am just at the beginning stages of my business. Once again I just wanted to let you know that I was opposed to some of the provisions of the FTC proposal "Trade Regulation Rule on Business Opportunities." They would penalize my honesty and cripple my sponsoring efforts. I feel I make every effort to honestly inform my prospects of the Quixtar business and its opportunities. Thank you for your time and attention in reading my concerns regarding your proposal. Elizabeth Straz, new IBO, Illinois