| Comment Number: | 522418-05882 |
| Received: | 7/4/2006 3:16:50 AM |
| Organization: | Quixtar.com |
| Commenter: | Pan Der Yang |
| State: | MN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am writing to express my concerns about the Business Opportunity Rules; Notice of Proposed Rule Making - 16 CRF Part 437. I strongly feel that these rules go against the beliefs and philosophies of free enterprise. Let me start by providing a brief history about myself and my involvement in the Quixtar business opportunity. I registered as a Quixtar IBO back in 2000. At that time, I worked for a medical device corporation and still am. I was invited to the business marketing concept by my sister and was given well over seven days to think things over. There were no pressure and plenty of information were disclosed at the information session including take home brochures in a literature packet for me to read and do my homework on. At the initial information session, there were well over twenty people and over ten were IBOs. I was able to talk to whom ever I want about the opportunity and ask questions to my heart's content. Following that, there was also an additional meeting set up with an experienced IBO and just my family, along with anyone whom I feel I can trust to help me make an educated decision were welcomed. It is at this meeting that my additional questions and concerns were addressed. Throughout the years of my quixtar involvement, I've come to understand that it definitely is not a get rich quick ordeal. It requires effort and hard work with business mentality to make it big. But what I was able to accomplish are intangibles such as expanding my knowlege in the business world, attained communication skills which also helped me advanced in my job field, developed life-long friendships, and improved my personal relationships within the family through teachings, concepts, and beliefs of the business system. Financialy in Quixtar, I was able to make enough to purchase all household products and more which is a big relief having that help. I am able to pay off more bills, but what I'm most excited about is having a goal and a purpose in life. Something to look forward to and see a light at the end of the tunnel realizing that you can do so much more with the opportunity which is the main reason why we chose to come to the United States - opportunities and the free will to exercise in them. Bottom line, I disagree with the seven days waiting period when enough information was given at the first and second sessions for prospects to make an informed and educated decision. Poeple who are looking, don't mean to waste their time. Besides, the length of time does nothing if a person doesn't study the business. We can give them seven years, but if they're not interested, they're not going to involve themselves. It is also not necessary to provide a list of IBOs for contact since it would still be considered bias due to my control of whose number I choose to give out. On top of that, it would be an invasion on my privacy due to lack of control on when and how many prospects will be calling me. As soon as prospects can give me a list of perfect industries with clean records and no lawsuits, I can provide them that information about Quixtar. Lets not forget that they can do their own outside research. This is an opportunity, not a guarantee. To disclose an income statement is to say that their level of ambition and perfomance is equivalent to mine which may not be true. They are paid according to their performance, and not of mine. Besides, Quixtar has already released an income statement for average IBOs. I understand that people need their protection, and that includes IBOs. My risk of bringing someone new into the business in time invested to train, tools provided them, in the hope that they blossom and amount to something is greater then their registration fee which is returned should they chose to cancel the contract. The main issue here is legality and insufficient business concepts not being addressed properly, not people's protection from opportunities, if there is such a thing.