| Comment Number: | 522418-05259 |
| Received: | 6/30/2006 11:22:38 AM |
| Organization: | Quixtar.com |
| Commenter: | George Gasaway |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I registered with Quixtar as an Independent Business Owner in June of 2002. Over that time we have been able to meet some very important goals to us, the biggest of which was to bring my wife home to be a stay at home mom. During the time in this business, I have grown tremendously on the inside to become a better person. This is after all a people business and it causes you to stretch personally every day to reach those next goals in your life. We plan to be in platinum qualification by the end of the fiscal year. I got involved with Quixtar for the simple reason to generate enough income to allow my wife to stay home with our two kids. In the beginning I didn’t see the big picture of where this business could take me but through mentorship with World Wide Group (our mentorship group), we intend to make this business a lifelong venture and strive to impact thousands of people in our lifetime – to me that is true success, something you can’t do anywhere else. Because of my initial desire from the business of making a few hundred bucks, I almost always talk to the fact of starting small and let the people's dreams once again expand into what their hearts desire and ultimately let them dictate how big they want to go. I rarely go into the big numbers with people as it is. Below are my comments and concerns with the proposed rule: 1) I believe the waiting period would be more of a nuisance than a benefit to people. Typically people don’t sign up on the spot anyway and they do a thorough investigation prior to that - and this is something that I encourage. Besides, legitimate opportunities like Quixtar have a money back guarantee that protects people’s interests. I think a requirement for a money back guarantee would be more appropriate. 2) The requirement to provide references of other IBOs seems like overkill. I always encourage people to get around some of the people we are working with anyway. Not sure what benefit this rule would provide to the prospect. I’d be more concerned with unethical behavior where someone else would convince that person to sign on with them. 3) The requirement to provide a litigation list of all complaints seems unreasonable. I can understand bringing forth any legitimate judgments where a court concurred with the complaint, but as a society, anybody can file a complaint – and lots of people do, even when unfounded. In my opinion that would cause more harm than good. If anything happens here, it should be for claims that the courts have issued a judgment for. 4) I know that Quixtar already lists the average income of IBOs on all of their business overviews. With this opportunity the sky is the limit as to where you will go. I believe numbers like the average income is more than adequate vs. disclosures for every income claim since there are many possibilities. 5) I like the proposal of backing up your financial claims with proof. I know there are people out there that claim the moon but have nothing. This would keep people in check and give the prospect good legitimate information so that they can make an informed decision. Overall, I think the intention is good to help regulate the industry so that some of the fly by night operations can be eliminated. Things like that just hurt the industry as a whole. Thank you for your time. George Gasaway Independent Business Owner with Quixtar.com ID#