|Received:||7/5/2006 11:58:54 PM|
|Commenter:||B. Keith Collier|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I have been IBO's for 14 years now. Because we come from a strong working background, we both were working 50-70 hours a week. When introduced to the Quixtar business, we seen an oppurtunity to buy some time back. We not only viewed a professional presentation,but were also given more than enough free follow up material to help us make the right decision. After attending a weekend conference we knew this business team and plan could help us accomplish our goals. We have since replaced my wife income who now stays home with our children, our first goal ! And I chose to sell my retail business to 7-Eleven with no regets ! Looking back at the procedure we came into the business, which is still today the same professional proccess, I cannot see any bennefit of a mandated 7day wait period. Especially when a prospect can choose to wait 70 days if they desire. Howeve,the 7 day wait period is a disadvantage to many of those who have a desire to create income immediately. This would be unfair in any corporate enviroment. This is why Quixtar provides a money back guarantee. Though it's been rare, we have personally witness the integrity of this policy take place. In 14 years, I can only recall 1 prospect request references to talk to about the business. Once again, if there were any risk to the potential IBO this may be neccassary. Now there would be risk to the sponsoring IBO if this were to be required. Random imput can be mis-leading when coming from just any IBO.(younger,older,backgrounds,duration-1day-10years,goals,etcs.) This is why we provide a professional group enviroment for the prospect to be in while gathering info. The idea of providing a list of all litigation involving the seller of our products is like saying Walmart should have their greeters hand out a list of all their litigations to each and every customer who enters any and all their stores. Come on ! Requirements for specific earning disclosures outside of the FTC approved document would be unrealistic because of the numerise possibilities of business structure. This is why the prospect upon making a decision to become an IBO with their soon to be sponsors, reviews a relative gameplan to reach their desired profit. Personal Financial Substantiation is totally inappropriate do to the fact that the prospect is not basing their ability to succeed with this opportunity, if the sponsor has succeeded. Remember, success has a different definition to everyone. We have seen people become IBO's to succeed in belong with a good group of people. I can only immagine that some of these proposals being neccassary for certain low regulated home based business opportunities. But I find it very unfair to the highly regulated and professional run home based business opportunities.