|Received:||7/10/2006 12:44:29 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am a Quixtar IBO and have been for several years. At this point I have reached the level of Platinum. My Quixtar experience has been greatly beneficial to me and my family. The original reason to become involved was to make extra money to achieve goals and dreams that the job would never provide. Thanks to my business I was able to recoop from an illness without having to work full time. It has been a big blessing in my life. The proposals are based on leveling the playing field and that is a good thing but some of them concern me. The seven day waiting period would hinder someone from getting started quickly if they chose to. I think it should be an option for anyone to wait or not instead of mandatory. Some IBO's have become involved and began to earn money right away. If I was given a list of all the IBO's in my area I might have decided to get in under someone else other than my sponsor. Also I am uncomfortable with other giving out my name and address and phone number to strangers. It just does not seem like a very wise thing to do. In our organization prospects are invited to meetings where they are free to meet other IBO's and talk to them and this seems much safer and sensible. Financial disclosure seems rather silly in that we have literature approved by the FTC to show out prospects (SA4400). Also we have examples of the cost of items wholesale versus retail so they can see the difference. We are very up front with it all and have nothing hidden from the prospect. If we have a FTC approved literature can't other companies do the same?? I am glad that the FTC wants to regulate all companies in this industry and not just Quixtar. As for me and my business I have no complaints and think we have been very honest and up front in all aspects. Thank you for taking the time to read all our comments and wanting to make the best regulations for all involved.