|Received:||6/29/2006 6:35:43 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for just over 13 months. I set goals when I started and have been able to do quite well in meeting them. I hope and fully anticipate that within 3 years time I will be able to meet my final goal, which is to retire with a healthy residual income. In addition to income, Quixtar has introduced me to some excellent products which I now use on a regular basis. The business is everything I was told and more. I do the same for any IBO's I sponsor so they can get a clear picture as to what they are getting into. They know that it is a business that could take 2-5 years to build. Typically, they spend about $50 to register with Quixtar. I feel my business would be greatly affected if there were a 7 day waiting period to register. Our presentation of the business builds a lot of excitement, and we want to get our people going while the excitement is hot. that way they can start off and build their business right away. I don't see any benefit to our prospects waiting 7 days. We always give them a time period of 3-5 days anyway to take a good hard look at this business. So far, we have not had anyone request a refund of their money. All are happy with their membeship and the products they purchase. If they wanted a refund of their money, I suppose they could get it back, but like I said, so far no one has asked. Giving out names of other IBO's is absurd. It is a violation of their privacy and furthermore, many of the buisness bulders are doing this on the side, and do not want it made known that they are working two jobs. They do, however, meet many of other IBO's, either before or just after they register. Bottom line, the Quixtar business is unlike a lot of other home businesses. It is a well run organization with no hidden fees, rules or any other undisclosed item. We run our business with full disclosure and stress our IBO's to do the same. I do not feel that it is necessary, however, to divulge my financial statement to anybody. If you want to restrict multi-level organizations, I agree. Quiztar is not a business that should be included with that.