|Received:||7/15/2006 2:16:50 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:We are Carlos & Elena Jacinto and have been IBO’s since May of 2003. Currently my wife and I have worked hard and earned the Platinum level in the business and are working on our Sapphire qualification for September 2006. Before Quixtar, I would religiously get home from work by 7pm to watch 3 hours of Mexican soap’s and send my child to his room to due away with interruptions. After the soap’s my TV addiction would take me on to midnight watching news and other programming. I was far from being a hero to my kid and a responsible husband to my wife. My TV addiction added more stress in our relationship and did nothing to solve our financial situation. Today life is better and thanks to the business we cut cable, I’ve earned my family’s respect, and have set a concrete and realistic plan to resolve our financial debt. In my opinion these achievements alone have made the business and our enduring effort worth it. When we got started, we were given a registration packet that included the Quixtar registration form. Just in the packet itself I had enough information to understand what I was signing and then went to quixtar.com to answer questions and doubt’s I still had. I provide my prospects with written support material and registration forms pointing out rules, regulations, and financial stats in one to one meetings. I also recommend the BBB online, quixtar.com, myteambuilders.com, and thisbiznow.com. Private and public business plan presentations reinforce that Quixtar is not a “get rich quick” plan by consistently stating that this is a two to five year plan. My prospects typically spend $130.00 to $150.00 to register and can get 100% of the money back if they decide to leave the business. I would like to address the following issues: The requirement of a seven-day waiting period: · If my two brothers and I wanted to register we would each have to wait 7 days and by then new prospects would have to get in line and wait their seven days and at the end my business would be so backlogged that it would just stop growing. This is very unfair to the IBO and soon to be IBO’s. · My business would be negatively affected due to the increase of travel and communication costs needed to confirm after the seventh day. · A seven-day waiting period does not benefit prospects as the current 3-month trial period. The requirement to provide references: · This requirement could violate confidentiality and would take away time and effort form building the real business. · It would create a very high risk of the prospect signing up with one of the referenced IBO’s. How could this be fair in turn for the newly registered IBO’s as well? · Prospects can already meet other IBO’s in weekly and monthly gatherings. In my case it is very important for Spanish speaking prospects to attend an open and monthly seminar where they can meet and talk to other IBO’s that they can relate to. In closing I understand your intent to tighten up on fraud schemes, I just don’t think is correct to do it at the expense of honest people and businesses that are making a tremendous contribution to the quality of family and community lifestyle.