|Received:||7/9/2006 11:09:40 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been a Quixtar IBO for about 8 years.I have found it to be one of the best companies I have ever been associated with in any venue. I am 49 years old so I have somm experiences.They offer full money back guarantees on every aspect of business. I have had a couple of people I have sponsered over the years who decided they wanted their money back and didn't want to be involved. The corp. was very responsive and quick in getting them full refunds. There are many benefits to this business. The chance to own your own bus. and suppliment my income with low overhead. No territories, meet many people including my personal mentor and business coach who has helped my family in many areas of our life. The chance to capitalize on the explosion of the internet. Although most of what we do is with personal contact with the people we work with. In having a 7 day waiting period. I see no benefit to it. Sometime somone gets involved and wants to sponser someone right away. This would hamper them getting started. Many times they review info. (I provide a lot of information) and don't register for 7 or more days anyway but its their option to sign up right away if they want. If someone wants to be dishonest they could just post date documents and always have a stack waiting to go. On providing references, most people I work with meet many of my associates anyway but I don't want to give them names of people I don't know and have the reference steal them away. I also don't want my name given out and bothered by people I may never meet or get to work with. If someone is in a new market or rural area there may not be 10 references in that area. A disclosure of litigation against Quixtar would be silly. That would be like Walmart passing out their list of litigation against them before I go in to shop. In our sue happy society there is much litigation that has no merit. It would be burdonsome and have no benefit to anyone. This information is public record and available if someone needs it. I have never been asked that question, ever. Specific earnings disclosure is not of any benefit either. We now provide a document which gives average income of any level and example of the highest bonus at that level as well as the lowest bonus at that level. Its called an SA4400 The requirement for financial substantiation would give them my personal information that I may not want to provide. I don't always know the people when I'm getting them started don't want to give out personal information. If they ask, I tell them aproxamately what I make. But I have not been asked to show personal information nor would I like to do that. When I sponser someone I am in hopes of developing a life long relationship with them. I want to be as honest and fair as I possibility can. I know not all business opportunities are like that. The Quixtar business is one for long term not a get rich quick scheme. If you work hard and follow instruction you can be successful. If someone is wanting to get rich quick I tell them its not for them. I also won't work with someone who isn't honest. I am glad you are looking to clean up the industry it will help us who do business with integrity and honesy. However, I do feel some of the proposals would not be of any benefit and would hurt. Quixtar has rules that help keep people from misleading others. You may want to read their rules and regulations. Thanks for allowing imput into your proposal.