|Received:||7/17/2006 11:36:47 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:This is with regards to the FTC proposal of how direct marketing companies operate. While I do agree that the intentions are honorable, I disagree with the proposed rules. I have been involved with Quixtar for the last 7 years. During this period, I have worked hard to expand and grow my business. I have represented myself and the Quixtar opportunity in the most ethical manner. I have never lied or misled any persons to whom I have presented this opportunity. I have made clear to people that this kind of business does require a significant time commitment. Never have I made a claim as to my income or potential income that was inaccurate. I always loan out a SA4400 disclosure to a potential prospect. The SA4400 clearly states the income potential, average income of all people who are involved in the business, prospective income, etc. This business has positively impacted me and my family. This has allowed us to work towards a common goal and has united our family in a team that is working to fulfil our dreams and desires. While the income is great, the intangibles are significantly more positive. I believe that as a family unit we are more united since we have common dreams and goals. We spend more time communicating our dreams and goals and working towards them than families not involved in a business like Quixtar. Everyone I share the opportunity with is informed of a 6 month money back guarantee. This allows a prospect to get himself registered, get to understand the business, build the business and if they feel that the results justify the cost in terms of time and money, continue to build the business. Anytime during the 1st. 6 months they could receive their money back if they feel that the Quixtar opportunity does not meet their needs. I belive a 7 day gestation period is unreasonable. The law does not require that when I buy a car or a home so why would it be justified for a business that costs only a few hundred dollars to start and comes with a 6 month money back guarantee. I could invest a 100,000 on a stock trade with no recourse of gestation period. Could one imagine what would happen to the stock market if every investor was required to wait 7 days before making a trade? As for the proposal of requiring that one inform every prospect of pending litigations, again I disagree with this. In todays information age, a prospect has access to enough information through public sources. This requirement would be extremely burdensome, would lead to confusion and would yield no positive results. Also, this would require us to constantly track ALL litigations new and old and know every time a new lawsuit is filed. The Quixtar business is designed for busy people who only have a few hours a week to run a legitimate business that could yield significant income. While the intensions of the FTC are great the proposed regulation would lead to a lot of confusion, would significantly restrict trade, would result in less growth in the economy, etc. I believe the current regulations are sufficient to ensure that no individual is unfairly treated or harmed in any significant manner. I believe if the FTC focuses on enforcing the current laws and cracking down in illegal businesses that operate or that do not follow the current laws, we will be able to achieve more. This will allow business that operate in an honest and ethical manner to continue operations without increasing the burden and would get rid of illegal pyramids. If the proposed regulations were in effect when I looked at the Quixtar opportunity, I know I would have stayed away from it. Not because the opportunity would not be great but the proposed requirements would infringe on my available time and would not allow me to run a business working just 8-10 hours a week. I sincerely hope that the FTC would leave the current regulations alone and focusing on enforcing the laws and crack down on those companies and individuals who do not obey them.