| Comment Number: | 522418-12668 |
| Received: | 7/17/2006 11:29:29 PM |
| Organization: | Quixtar Corporation |
| Commenter: | Ramakrishna Peddibhotla |
| State: | MD |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir /madam, I am Quixtar IBO and I recently came to know about the FTC proposal. I am very much happy to know that the FTC is acting strongly against the bogus businessess out there. We have been working on our business consistently and I am particulalry concerned about the three requirements, viz., Litigation List, Specific Earnings Disclosure, and Financial Substantiation. When I share the business opportunity with new prospects, it becomes increasingly difficult to talk about the litigations and then still be able to help them realize that they can achieve their dreams through this incredible opportunity. I feel that every opportunity, be it business or employment, could have some or the other litigations (for example DELL Inc.). And these litigations need not lower the chances of realizing a person's dream. I also discuss through out my business presentation, whereever and whenever possible, the earnings the business model provides through SA-4400 and also copies of pay checks of my senior associates. This is a no secret business and everything they see is what they can get, if they work hard towards it. As a new IBO or an IBO who is working towards getting the rewards bigger, disclosing my personal earning through this business may steal a prospects view from the business earnings to my personal assets which I think is not beneficial to a aspiring business prospect. Particularly, I definitely make it a point to show the Quixtar Corporation's brochure which has the "Average Monthly Income of an Active IBO". But showing earnings within the first year to a new prospect, I think is definitely not good for a new prospective IBO. It would really be helpful to the entire IBO force accross the United States of America if you reconsider the above said three requirements in the FTC Proposal. Thank you very much for your kind attention.