| Comment Number: | 522418-07880 |
| Received: | 7/11/2006 10:30:38 PM |
| Organization: | |
| Commenter: | Matthew Mullins |
| State: | HI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been a Quixtar IBO now for 4 years. It has been a very beneficial experience to have the opportunity to build a Quixtar business while completing four years of college. It has provided me with income to help make it with the high cost of living in Hawaii. My next goal is to make the Quixtar business a primary income for me. I see how it as benefited my life in learning people skills, a postive attitude, and persistance. More than anything I'd like to have the same impact on people through sharing the opportunity with others. I did receive enough information when I registered. I enjoyed that idea that for $117 I could get into business for myself and that if it didn't work out I could get all my money back. It also attracted me that any products that I didn't like I could return for a full refund. It looking at those details it gave me confidence in moving forward. In response to the seven day waiting period I believe that, that would have a negative impact on my Quixtar business. I know that with people registering it is important to help them make money right away. Of the people I have personally sponsored that have made money it has always been from activity done in the first seven days. It is the nature of the business. What is important is that the new Quixtar IBO has the ability to get their money back making it be a no risk situation. That integrity makes sure the right thing is done. In response to a litigation list I believe that would be very negative to my Quixtar business. Litigations can include allegations and those are often unfounded. It is not a franchise they are investing into where there is risk, they can get their money back in a business with Quixtar. In regard to providing refferences this is a very bad idea. For one, my prospect could choose to be sponsored by another IBO with Quixtar. Having to provide refferences would undermine the integrity of the business. When I bring prospects to meetings they have plenty of opportunity to meet other IBO's with Quixtar. I am there and can monitor it, with a refference it would be risk of them getting sponsored by someone else and undermining my effort. As with earning discolsures, when I present the Quixtar business plan we provide an average monthly gross income figure and Quixtar has done so ever since I have been an IBO. Having a seperate disclosure for every income claim could require hundreds of discolosures and is absurd in how we do business. Having average monthly gross as a standard across the whole direct selling industry would be great, but not seperate income disclosures. In providing my income to prospects I would be against that. It is a violation of my privacy and innappropriate.