|Received:||7/10/2006 1:20:42 PM|
|Organization:||Group-10 Financial, LLC|
|Commenter:||T Jerry Royer|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Regarding the proposed rule for U.S. business opportunities. I have been a Quixtar Independent Business Owner for approximately 1 year. As with any business your rewards are based on your efforts. It was explained to me that the average active IBO earned about $100.00 per month. I have found this to be true. Granted there are those earning more and others less. It cost me $200.00 to begin. $50.00 went to my IBO number and $150.00 to a ticket to a training system convention. (I was told that if I personally felt I did not learn anything I would have my $150.00 refunded). Having paid thousands for training seminars and conventions over the past 40 years, with no refund offer I found this refreshing and new. When I speak with anyone about the Quixtar opportunity I simply explain my experience. The Quixtar web site is great and complete in explaining the opportunity that exists. Regarding the seven day waiting period I find this totally unfair. I can't remember having to wait to join Sam's club or Costco. It only takes three days to purchase a fire arm for heaven sakes. With regard to disclosure of past litigation. Will this require WalMart to hand out theirs upon entering their store? This is totally ridiculous. Financial records should also be kept private and shared only with those requiring this personal info, such as the IRS, unless, an individual wants to share this information. When I share the plan to an individual they are always a referral from someone or a personal acquaintance. I explain the concepts. I don't boast about the income only that you can receive a bonus check for purchasing items you already use, have the items shipped direct to your home with a 180 day return guarantee and save the time and gas expenses lost shopping elsewhere. I feel any more layers a burdensome disclosures would be totally unfair to the public and to me personally as a new IBO. My affiliation with Quixtar has been very positive and the monthly check received is a plus. As an insurance professional I find the opportunity to build a residual income a positive in todays world of corporate cowboys, bankruptcies, pension defults, downsizing's and the list goes on. I do favor leveling the playing field and that all companies follow the guidelines already inforce and practiced at Quixtar also that a reasonable cancellation policy similar to insurance could and should be implemented, say 7-10 days.