| Comment Number: | 522418-07534 |
| Received: | 7/11/2006 1:53:57 AM |
| Organization: | Quixtar - Teambuilders |
| Commenter: | Davin Hansen |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been involved with the Quixtar organization for about 10 years. We have been able to reach the first major milestone called Platinum. We are currently working towards meeting our next goal of Saphire. We are very happy with our association with Quixtar and more importantly with our support team, Teambuilders. This business plays an integral part of our life and by the end of the year will be our sole source of income. We have never in our 10 years of association with Quixtar felt uninformed. We also highly encourage those whom we sponsor to get all the information they need to make an informed decision. In fact, we insist upon it. It is very important to us that they understand that this takes work and commitment. This is told to them on the very first meeting. Our initial cost of sponsoring is $360. This includes: registration, products, tickets to next seminar, and a pack of educaitonal material. All of which is 100% refundable. For these reasons, I feel that there are several issues in the proposal that could present some problems. First, the proposal to provide references. Part of what makes Teambuilders successful is the team concept. We grow faster when we work together in unity. Providing references can cause confusion. There is the risk that the prospect might register with one of the references. We have found the hard way that association with other IBO's not affiliated with one's own team can cause confusion. Confusion creates disharmony, and disharmony will stop growth. The other issue is the proposal to provide financial substantiation. This is very inappropriate. I have never lied when disclosing information on our income and also on the money we invest. However, it is no ones right (except the IRS) to know my income and my expenditures. That is personal information. The last issue I would like to address is the 7 day waitng period. The most exciting time as and IBO is within the first couple of weeks. This is when excitement is high. Having to wait seven days to begin your business and on top of that having to wait 7 days to sponsor anyone else will deflate that initial excitement and cause a slowness of growth. All IBO's are already given 60 days to get their money back if they decide to change their mind. Like I pointed out earlier, everything is 100% money back guarantee and they are encouraged to get all information necessary to make a decision. Having to wait 7 days would not help. It's pointless. I ask that you reconsider your proposal. I understand that there are many companies out there who do take advantage of others. However, these propositions only hurt those of us who run legitimate businessess with integrity.