| Comment Number: | 522418-04959 |
| Received: | 6/28/2006 11:07:28 PM |
| Organization: | Quixtar Inc |
| Commenter: | Paul Swaney |
| State: | VA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir or Ma'am, I am a disabled veteran who is an Independent business owner with Quixtar. I understand that there is a great need for regulation of direct selling business, however I believe that there is a middle ground we can come to concerning this issue. The primary problem with income substantiation is that the new people haven't made any money yet, because they haven't been in for any length of time. All of this business is based on referal marketing of some type. Any business owner in any type of small business knows the thumb rule that you shouldn't expect to draw from the kitty for 5 years from the start of the business. A good deal of the people I present this opportunity to have never associated with business owners of any type so they don't understand what running a business is all about. It is our job to teach them. My second point is that providing a list of references to prospective IBOs would inhibit the privacy of people. It would also be terribly inconvienient for a disabled veteran (I have head several spine surgerys and I am 70% disabled) like myself to be answering phone calls from people who aren't even prospects in my own business. I already spend 15-20 hours a week building my business. I support what ever the IBOA board has to offer you, Quixtar offers a 100% money back guarantee. No questions asked!!! We do a very good job of policing ourselves. The goal should be to tighten up other organizations to our standards not to tighten up a clean-ship. Thank you for your time Paul Swaney