Comment Number: 522418-10095
Received: 7/15/2006 6:01:50 PM
Organization: POWELL7, ENTERPRISES
Commenter: GLENN POWELL
State: VA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I am an Officer in the United States Navy and have been an IBO with Quixtar for 3 years. The Quixtar opportunity has provided me with an ideal way to create additional income for me and my family. My job requires me to travel alot and at times spend months outside of the country. As a result of this, traditional business ventures did not provide a viable avenue for me. When my wife and I were presented the Quitar opportunity, we were provided more than enough information to make a sound decision. We did not, however, decide that night to get started. We attended the local meeting where the information was presented a second time and we were introduced to many other IBOs that had similar backgrounds as ours. At no time was a "get rich quick" theme presented to us. From day one our sponsor made it clear that we would have to work hard to build our business. To be honest, that was a major attraction point. Being a member of the military, I know nothing comes for free. Additionally, the 6 month money back guarantee provided by Quixtar added credibility to the opportunity. The initial start up fee for our business was roughly $400 ($250 for registration and $150 to get 100pv for the first month). We in turn have duplicated this process with all those we have registered in our business. There are a couple of item in the FTC proposal that I would like to address: 1) The seven day waiting period. I disagree with any required waiting period. Our business is built by individuals taking quick action. The IBOs that have done well on our team have been those that decided to go within the first 48 hours after seeing the opportunity. This quick action allowed us to build a list of names and contact that list, many times within the first week, and registering IBOs in their business. This does wonders for their belief in themselves and the ease at which the business can grow. A waiting period would severely hinder the quick launch opportunity allowing for doubt and negativity to creep in to the minds of the prospect. Even though I don't agree with rash decision making, I think a required waiting period will affect my business by allowing the committee of they (co-workers, family, etc.) to inject negativite opinions and kill any thought of business ownership by many of my new IBOs resulting in a loss of hundreds if not thousands of dollars. If we as a country waited for many other nations to act or agree with our decisions, Sadam would still be in office today. 2) The requirement to provide ten references. My initial thought concerning this was "no problem". I can find ten IBOs that would be more than willing to provide quality information on how the Quixtar opportunity has helped them achieve their financial goals. Then I thought how that would effect me personnally. Did I want strangers calling me throughout the week asking my thoughts on Quixtar. Many of these prospects may never become IBOs. Many of these calls would come while I am away from home. I stand ready to discuss the benefits of the quixtar opportunity at any moment however, I don't think it should come at the expense of compromising the privacy of my home or the home of any IBO. Our business meetings provide an excellent environment for prospects to meet IBOs and talk to them about the Quixtar opportunity. Additionally, all prospects are provided literature that explains the business and gives them websites (including the BBB) to visit for more information.