| Comment Number: | 522418-07500 |
| Received: | 7/10/2006 11:52:25 PM |
| Organization: | Quixtar IBO |
| Commenter: | Todd Smith |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My fiancee and I have been IBOs for approximately 2 years. Our goal is to obtain financial freedom through the development of our Quixtar business. To date we have achieved most of our initial financial goals, however, the benefits outside of the income have far exceeded our expectations. The personal development and leadership skills have been invaluable to our other businesses and personal lives. When we registered for the business we were given a great deal of information about the business, its structure, payment schedule and potential. It was very clear that this was not a “get rich quick scheme,” but a legitimate opportunity to build a business using a proven system. The 7 day waiting period would greatly impact our business. If a person buys a Starbucks coffee cart, they don’t have to wait 7 days before they can start working, why should a prospect be penalized. If a person wants to join, they should have the right to begin building their business immediately. With regard to the reference requirement, if a prospect talks to another IBO, that IBO could register the prospect away from me. That’s not fair at all. A lazy IBO could build a big business without doing the work that others are doing. It completely removes the structure that’s in place to protect the IBOs that do build a business. Prospects are already given the opportunity to speak to other IBOs before joining the business at Business Previews and other events and we give them multiple website to look at that talk about the Quixtar business. With regard to the requirement for disclosing specific earning, no other industry in the world requires you to disclosure your personal earning. Do you? I don’t think so. The average earnings reported to the IRS by Quixtar are disclosed at the initial meeting and it includes the lowest level IBOs earnings. It’s very clear that if you do nothing, you make nothing. It would be a completely inappropriate and a privacy violation to require an IBO to disclose how much they make. I can not image the extent of the negative impact this would have, but it would likely make it impossible to build this business. Dr. Todd Smith & Tisha Trites