| Comment Number: | 522418-12207 |
| Received: | 7/17/2006 7:11:25 PM |
| Organization: | Quixtar/ Network 21 |
| Commenter: | Bruce Denham |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have a business with Quixtar and Network 21and feel that the first and foremost issue that needs to be addressed is that Quixtar is an online shopping center. The business building is secondary. People prefer this service because it is a convenient way to shop online for everything they need. If the FTC is going to impose restrictions on us then it would need to be imposed on other online shopping sites like ebay, Costco, airline tickets, and more. This is not the democratic system we have in place in America to impose restriction after restriction for someone to shop and to start a business. We have a business where we can invite people to experience the benefit of shopping online and then can turn around and offer that valuable commodity to others in order to save time and money and to make money. Why would people need to take 7 days to make that decision as the FTC is proposing. We are talking about online shopping, which is about instant shopping. The ability to shop anytime, anyday at the person's discretion, and now we are saying, I know you want to do this, but you have to wait 7 days before you can experience that convenience. Other businesses don't make you wait. We are in a period of instant access. People purchase online airline tickets so that they don't have to wait in lines and get them now. The second issue is the requirement for financial substantiation. Like I said before, the primary purpose is online shopping, so I would not share my personal income with a person interested in that aspect. Secondly, my income is irrelevant to their desire to create income from this business model. People achieve what they wish to work for. It does not matter if I show them how much money I make or how much money they could make. If a person is willing to do the work necessary, they can make substantial income, that is a proven fact. So I see no need to disclose my personal finances, in order for someone else to decide to do the work necessary. I wholeheartedly disagree with the proposed rulings.