| Comment Number: | 522418-07188 |
| Received: | 7/9/2006 8:49:06 PM |
| Organization: | Quixtar-Brown Organization-Team Gold |
| Commenter: | Harrold Reid |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been a Quixtar- IBO from the beginning, 09/01/1999. Before that I was an Amway Distributor in direct selling. I have always set my own goals in this business and through a system of training and mentorship have had all I ever needed to achieve success. I am unaware of any traditional business where an individual can enter into business with no business experience and have such resources at their disposal just for the asking. This is due to a team approach to business and is accomplished without a massive infusion of capital. Imposing a waiting period of seven days or any period of time is a waste and only serve to delay the potential success of a new person. Typically I leave information relating to the business opportunity as well of a SA-4400 outlining the business payment structure and the average income for active IBO. This alone creates a period of 48-72 hours for the prospect to review materials and make a list of questions they may have. No additional imposed waiting period is needed or necessary in my opinion. Regarding personal financial disclosures and references (list of local IBO's). I find this to be counter productive as the new IBO is encouraged to attend business meetings and other functions with the intent of getting to know team members and discovering the true income potential of their efforts. Referring or providing a list of other IBO to a prospect would potentially injury my business as I have given the prospect to someone else who would have interest in signing him/her as an IBO. “Not a logical or smart business move.” There are no business loans applied fore nor are there any large investment of capital. If the prospect signs on as an IBO and changes his/her mind, what cost he/she has incurred is 100% refundable. So I ask, why personal financial disclosures? My experience with Quixtar has not only provided me with opportunity to increase my family income from a business prospective but has exposed me and my family to a wonderful world of personal growth, including personal integrity and reaching out and serving others being at the forefront. “Did not learn that in the traditional business world.” I ask that you consider the Quixtar model as the standard for your decision when imposing rules for the protection of all newcomers to the direct selling market place. Thank you, Harrold Reid IBO #1538881