| Comment Number: | 522418-07529 |
| Received: | 7/11/2006 1:20:30 AM |
| Organization: | Quixtar |
| Commenter: | David Metcalf |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I've been an IBO for 19 years and have always tried my best to build my business with the upmost integrity. I have been able to accomlish the goal of getting my family out of credit card debt and provide a college education for my 2 of my children. My next goal is to provide a college education for my youngest 2 children. The Quixtar business fits into my lifestyle because it allows me to build a future for my family while I still have a full time job during the day. Besides the income, the Quixtar business has provided benefits of a higher self esteem for my children and given them goals and dreams to work for and helped them realize that dreams are something you need to work hard for and are not given to you. When I registered with Quixtar I did receive all the necessary information to make an informed decision. When I sponsor others, I also provide them with all the necessary information. I let them know that the Quixtar business is not a "get rich quick" plan and that hard work is necessary for success. For less than an average car repair, you can start your own business (for around $250 which includes all necessary information to adequately get started and receive the proper training). I'd now like to Address soem Specific Issues that concern me: The requirement of a seven-day waiting period would affect my business in a very negative way. I don't see any benefits that a seven-day wait period would provide for prospects since we have a 100% money back guarantee for anybody that wants to later cancel. Having a 7 day waiting period would also cost me much of my profitiablity as I would have to go back to all my prospects chasing paperwork and spend time and money and gas money on getting their forms compelted after the 7 days. I also do not believe that IBO references should be required nor do I think its necessary to require that financial records be disclosed to prospects. I also do not think it is necessary that a list of all legal claims against Quixtar be given--the prospect can find this easily on the Internet. Also, it is not necessary to require that IBO's calculate and make different disclosures for every income chain--this would be confusing and not provide any value. Thank you for reading my response and thank you for taking these items into consideration. Best Rgds, Dave Metcalf