| Comment Number: | 522418-08396 |
| Received: | 7/12/2006 6:12:42 PM |
| Organization: | Quixtar-Victory Team |
| Commenter: | Alan Hardman |
| State: | MI |
| 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 in Quixtar since May of 1989 and have reached the Silver Producer level. Our goal is to become Double Diamond in the next 2-5 years. We have benefited financially from this opportunity as well as spiritually and relationally. The training system we utilize was a major contributor to my wife's success in the banking industry. When we registered 17 years ago, our support team provided us with all the information we asked for in order to make a decision as to whether this opportunity was for us, we have duplicated that with those we share the opportunity with. As we share the opportunity with prospects we explain that this isn't going to make them rich over night. It requires work just like anything else that is worthwhile. Our recommended registration pack is less than $200, including products all of which has a money back guarantee. The requirement of a seven-day waiting period for prospects to register will cost me and my prospect more money and time. My largest business is out of state. If I had to wait to get someone started for 7 days then I would either have to stay or make a return trip. Either option will cost me more out of pocket for gas, food and/or lodging. It costs my prospects because we know as we start something new, we are most excited in the beginning, so they therefore, loose their momentum by having to wait. The requirement to provide references would be like me going on a job interview with a major company and asking the company to provide me their references, the company and it’s employees. The point is, if I'm looking the references don't matter. Plus using the same traditional employment situation how would you like your name, address and phone number distributed to all new recruits? It seems to me that violates a person's privacy. We typically suggest our prospects meet some of the people we are working with before they make a decision. Before we registered our support team suggested the same thing to us. We met them at a hotel where a meeting was taking place and met others in our support team as well others in the organization. We saw some people there we knew and had a chance to ask them if this business really worked. If I had the option of calling someone I didn't know, who was already involved in the business, I wouldn’t call as I would think they were biased. Seeing and talking to someone I knew and respected made the difference. As for financial substantiation, honestly, it's no body's business what I make, whether it's a lot or a little, that's my choice and has no bearing on what someone else may or may not do. We already disclose the average monthly income which is provided to us by Quixtar when we share the opportunity. Adding more detail only confuses something that the majority of people already don't understand or care about. This proposal complicates and restricts free enterprise. When I think of providing disclosures and litigation lists I think of the banking industry. Yes, they are required to provide them, but who reads them? We aren't a corporate conglomerate (like a bank), we are people living in a supposed free country, trying to make a living. Consider what would happen if this proposal were implemented in the job market. What makes our business any different? There are millions of people involved in Quixtar in this country let alone other multi levels. What percentage of people have complained vs those who are still involved? What percentage of those who have complained are truly looking to "get rich quick" through the legal system? This opportunity helps put back into America that which has been lost....work ethic, integrity, leadership, pride, a spirit to help and serve others, patriotism, and for those who want, an opportunity to get to know our creator. Why would we want to put a rule in place that may prevent people from being exposed to that?