| Comment Number: | 522418-05912 |
| Received: | 7/4/2006 12:12:58 PM |
| Organization: | RCEnterprise/ Quixtar |
| Commenter: | Ryan Chandler |
| State: | MD |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO fro 2 years and have been very happy with my experience. My goals are to create a 6 figure income and I feel that with the current system available for IBO's powered by Quixtar it is possible. I have been coached in many areas of life, other than finances, and that has made a tremendous impact in my life. I would have not gotten registered if these laws had been put in place and that would have prohidited my future as an IBO. I feel that I was given the right amount of information to make an educated decision before I got registered. When I register someone i tell them it is going to take work and inform them of the average IBO monthly income. I give new prospects the right amount of information before they make a decision. A new person spends between $150.00 and $250.00 when they register and that includes enough product to get the new IBO a bouns check. If an IBO is not happy with the business they can leave the business and they can get there registration fee bach $68.00 and there product intro pack back. The 7 day wait period would effect the ability to grow my business fast and to make the new IBO money right of the bat. My goal is when I first register a new IBO, I try to make the new IBO profitable as fast as possible and with a 7 day wait period it is restricting my ability to make the new IBO profitable quickly. When we have a prospect whe give the websites they can look at and referance material that explaines all about quixtar and the IBO plan. We tell them to review all the information before we follow up and get registered. The requirement to provide references is another rule that would negitivly effect my business. If any thing the prospect should provide a list of references to me before selected to join my team. What job or major company has to provide a list of references before an employe makes an educated decision to go for a job and that is not to say the company will fire them 2 years later. I also don't feel that my name and number should be given out for random people to call. Would you feel comfortable giving out your number for random people to call. The requirement to provide a litigation list is another rule that would hurt my ability to build a business as an IBO. Again does wallmart, or any other company have to provide a litigation list before someone is hired; no. I feel that each prospect has the ability to make an educated decision based on the information give by me and my team. The requirement for specific earnings disclosures is a rule that is excessive. We already mention what the average IBO earnings are and we show the minimums that an IBO makes at certin levels according to the FTC. I also tell the porspects how much I made last year and how much work I put into the business so the prospect can make an educated decision. I don't feel that having to offer prospects financial records is the right way to conduct business. I don't feel right about asking someone how much money they make, it is rude. I don't ask prospects for their financial records why should they be able to ask me. I have been very happy with the laws and regulations in place now and I feel that these new laws would not only prohibit my ability to create further income, but would hurt the members on my team and their ability to create income as well. Thaks for you taking the time to read my response.