|Received:||7/12/2006 9:53:41 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO growing my business and working with Quixtar for about six years, It has been the best thing I have ever done for myself. Through the training I have received and the mentors I work with, I have growned personally as well. I have never worked with such a positive and helpful group of people as I have with Quixtar. I cannot say enough good about the organization and how it has changed my life in a positive way. When I sponser people I try to convey the information the same way as it was given to me six years ago. For the small registration fee and product package of about $250 dollars, there is no other business that you can start so inexpensively. I let these people know that this business in not a get rich quick plan, and that yes, you will have to work hard to achieve their goals, but through our training program, together we can achieve their goals and more. #1. I think it would be wrong for a business such as Quixtar to make their prospects wait seven days before they can start their own business. It is public knowledge that there is a money back policy if in fact the new business owner should change his or her mind about joining the team. Eliminate the waiting period. #2. As for having to give the new prospect a list of 10 other Independent Business Owners names, addresses and phone numbers would infringe on the privacy of every IBO whose name, address and phone number was provided to prospects. It would also penalize the sponser, who would be required to give his prospect content information for 10 other IBOs, any of whom might be happy to register the prospect themselves. I think you should eliminate the requirement to provide 10 references. #3. As far as providing each prospect a list of all lawsuites over the last 10 years. Amoung other problems, this requirement would open up Quixtar and other legitimate companys to false accusations. The not so honest companys would just ignore this rull anyway. I urge you th eliminate the requirement to disclose past litigation. #4. The requirement for a specific earnings disclosures. As a business owner I would have to change the presention plan each time I show it. The earning are varied due to the different levals we achiece ion the business. I do point out the average IBOs, earninga as disclosed by the Quixtar corporation as a guide to what the new prospect can expect on the average, but encourage them to achieve their expectations. If disclosures are needed, require a simple standard, easily understood disclouser sush as "average monthly gross income for active IBOs. #5. The requirement for financial substantiation shold be left up each IBO as to how much he wants to tell the prospect. I let my prospects know that I have received a check every month since I have been in business. Some months are better than others, but in any case it is more that he has made since he has not yet started his business. IBOs, should possess substantiation for any claim but should not be required to disclose it except when required by the FTC and similar state agencys in an investigation.