| Comment Number: | 522418-09220 |
| Received: | 7/14/2006 3:16:05 AM |
| Organization: | |
| Commenter: | Peter Brashear |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO with Quixtar since Sept 1999 when the website first launched. The benefits of being an IBO is I get to pursue my dreams of having a better lifestyle for my family and to leave a legacy for my kids and grandkids. Before I registered with Quixtar, I received adequate information about the company and opportunity which allowed me to make a decision to become an IBO. I give my prospects the same information and any additional information they request before they register. My prospects understand that this is not a get rich quick plan, that hard work is required, and that there are no guarantees of success. They learn this information by attending meetings and associating with registered IBO's. When an IBO registers, they can expect to spend about $270 which is refundable to them. My business would be affected by the proposed seven day waiting period because once a new prospect registers, the next step is to place an order. This order has points assigned to it. Those points help me to earn a performance bonus within each month. If the seven day period falls into the next month, my bonus is affected causing my to potentially loose money. If I registered a IBO and they too had to wait 7 days to register a family member, friend, etc., then they too could potentially loose money. Plus, the excitement level to get started right away can be lost if having to wait. If I had to provide a list of references of local IBO's for a prospect to contact before they registered, I run the risk of the prospect knowing one of my references and they could decide to register with of them which would affect the profitability of my business. I would also have to ensure the list is always up-to-date which can cause me to lose credability if it isn't. What if one of my references didn't want their name and phone number given out to a prospect? Isn't it considered an invasion of privacy in doing so? If a prospect wants to meet some fellow IBO's, the prospect can attend a free weekly meeting as often as they like before registering into the business.