| Comment Number: | 522418-05717 |
| Received: | 7/3/2006 10:17:43 AM |
| Organization: | Laney Enterprises (QUIXTAR) |
| Commenter: | Edward Laney |
| State: | MD |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Federal Trade Commission (FTC) “Trade Regulation Rule on Business Opportunities” First I agree that some companies mislead the public in the way they present their business opportunity. Sometimes to the point of being untruthful. There may even be some Independent Business Owners (IBO’s) in QUIXTAR that are not fully truthful in their presentation of the opportunity. But the QUIXTAR business opportunity plan is fully honest and truthful and 99% of the IBO’s present the opportunity in a proper manner. I have been in QUIXTAR/Amway for more than twenty-five years. I was able to quit my job October 4th, 1985 because of my business income. The business really works, if you put in the work and are honest about how you present the opportunity. In all these year I have only had one person ask for the registration money back after they joined. In this case I personally refunded the money. Abuse is not a QUIXTAR rule problem, but a problem of individual people that do not follow the rules. To have a seven-day waiting period before people could register would make an unnecessary delay in building your business. This would be no different than requiring a seven-day waiting period before you bought a car or bought stocks on the stock market. Our current buy back rule is adequate to protect the candidate. After they register they can get their money back. To require you to give ten names in the local area is totally unacceptable. How would you like to have your home telephone number given to a stranger to call you at any time to talk about some one else’s business? Try that in the new or used car market and see how that would work. How about the stock market, it wouldn’t work for them either. As far as QUIXTAR is concerned you don’t need to change the rules, only enforce the rules if they are being abused by a few. There are many fly-by-night companies out there that need to make some changes. If you required them to have the same rules as QUIXTAR has now you would go a long way toward correcting any problems. Edward V Laney Jr.