| Comment Number: | 522418-04819 |
| Received: | 6/28/2006 2:09:34 PM |
| Organization: | A & P Marketing |
| Commenter: | Pa Yang-Packor |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am writing in regards to some concerns that I have with the CFR Citation: 16 CFR Part 437. Let me just give a little background of myself so as to have a better understanding of my points of view. I started as an Independent Business Owner (IBO) Quixtar in January of 2000. Since then, I have been able to pay off all my credit card debts, school loans, buy myself a house, and help my father retire from his job by taking care of all the monthly bills with the extra income that I have made through Quixtar. On top of the financial benefits, I have been able to build up my self-esteem and acquire skills that I wouldn't have had if I was only working at a job. The relationships that I have built with other IBO's are absolutely priceless. My plan this year is to work and increase my income even more as a business owner so that I can quit my job and have more time with my 6 month old little girl. Before I got started, I had the chance to talk to many IBO's, I saw the business plan about 6 times, and I knew fully well what I was committing to before registering. I do understand the 7-day waiting period for people with my personality, but there are many other people who make faster decisions than myself. During all the years that I have been registering people, I do know for sure that people are different. There is absolutely no pressure right now towards anybody to register quickly anyhow, so it doesn’t make sense to have to force everyone to wait, especially if they already have enough information needed to make their own decision on registration. I also feel that this rule would greatly affect my income being that it’ll slow me down in getting people started and in getting people started for them. It’ll be a domino effect, which will affect all of our incomes. Also, Quixtar already provides a guaranteed registration refund if and IBO decides to not pursue the opportunity any more anyway. This gives the person a better feel because they can build their business for a few months, and decide whether or not they can actually DO IT instead of just having 7 days to THINK whether or not they want to try. I don’t believe it is necessary to provide a list of references of IBO’s in the area for a prospect to contact. The first reason is that every new prospect gets a chance to meet more than 10 IBO’s in a group setting before getting started anyhow. Also, I would not want to be contacted by many complete strangers every day to see what my opinion is on Quixtar. This would definitely infringe on my own privacy. On top of that, I would not like it if my prospect decides to register with some one else after talking to them because I gave the prospect their number to call! Providing a list of litigations is also not necessary. There’s no way to tell or understand the background of each party involved and the problem of it. All that it’ll do is scare the prospect; not keep them informed. I also don’t agree that I should provide my financial statement to anyone. There’s already a claim in our business plan about how much an “average IBO” makes! It also would be a disadvantage to a new IBO, being that their checks would not be big yet. I understand that prospects need to be protected but IBO's, such as myself, need to also be protected with the flexibility of making a living. There are already enough rules and regulations to protect the prospects viewing this business plan. We need to be given enough freedom to build our own businesses so that we not only get to help ourselves and our families, but also have a chance help others have a better lifestyle if they so choose to. Please consider these comments before implementing rules that will greatly hinder how people live.