| Comment Number: | 522418-06073 |
| Received: | 7/5/2006 10:31:26 AM |
| Organization: | Quixtar |
| Commenter: | Abby Arlene Chasky |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My husband, Craig Chasky, and I have been IBOs since 1999 when Quixtar opened it's website. We had previously been IBOs with the old Amway Corporation. We see this as an opportunity to create residual income so that when we want to retire we will have money to live on. We are able to do this business in our spare time and we like the fact that we must help others achieve their goals and dreams in order for us to be successful.When we registered we received enough information to make an informed decision. When we sponsor others we give them the same kind of information Our prospects understand that this is a business opportunity and not a get rich quick plan, that hard work is required and that there are no guarantees of success. We tell them this and all of our upline communicate the same information. To register with a product kit the cost is approximately $130.00. Quixtar will buy back all saleable products being returned when an IBO leaves the business, thus eliminating the possibility of IBOs getting stuck with a great deal of product. Waiting 7 days would not greatly affect our business because we encourage prospects to meet the team and hear presentation from different teamplayers.Providing references would expose us to the possibility of a prospect registering with one of the references instead of us, after we had done all the work. If someone who is looking at this opportunity knows someone on the team or especially if they are a family member we would keep them together, but we should not have to give the references that you note. The litigation list proposal doesn't adequately cover what a seller is and often filed cases have no merits. Prospects can check with the Better Business Bureau and Dun and Bradstreet as well as meet and get to know out team.We give prospects the SA-440 to read and we go over it with them and that document gives the average monthly gross income. I consider this adequate disclosure. I do not give out personal information about my Quixtar business. I do descibe the impact the business has had on my life which is more than just financial. I think giving out personal financial records would not be appropriate. The amount I make could intimidate some or not be enough for others. We show prostects how they would have to build their business to generate different levels of income. I do think it is important to make sure that the Business Opportunity Rule can protect prospects from possible deceptive and unfair practices. I have never felt anything but the highest regard for the Quixtar opportunity and particularily the Team that is helping us. I am happy to be affiliated with Quixtar and also Teambuilders, a group of IBOs in the Ledbetter organization and particularily with John and Julie Donovan. I have met people in other opportunities where the opportunity is not as open and fair as Quixtar. I think it is sometimes funny that we do not protect those of us who have invested thousands in education and never make nearly what we can in this business which has no income caps. I have a very clear ceiling on what I can make in my JOB. The only ceiling in our business is the amount of time and effort I choose to invest in MY Business. I also had a 4 Star restaurant. If you figured out my investment in time and money we invested in that venture you would cry. It was glamourous but not financially lucrative. Who is protecting the small business owners (really self employed) in educating and helping them. I thank G-d for finding a team of ethical and moral people who have a vested interest in my success and happiness. I hope to be thought of in the same way by anyone who joins our business. Thank you for keeping an eye out for us, but remember in doing your due diligence to not hamper us in our goals and dreams for ourselves and others. Yours truly, Abby and Craig Chasky.