| Comment Number: | 522418-10892 |
| Received: | 7/16/2006 11:43:17 PM |
| Organization: | |
| Commenter: | Walter Arndt |
| State: | AR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO powered by Quixtar for approx. two and a half years. The philosophy and concept of this opportunity are second to none. When I started, I really did not have any specific goals for myself and my family. This business has taught me a great deal about goal setting and positive thinking. My current goal as an IBO is to reach the platinum level in the next six months. I registered as an IBO powered by Quixtar to regain some control in my life. When I was shown this opportunity, I recieved all the information I needed to research this opportunity adequately. When I sponsor people, I ensure they have answers to all of their questions and the resources necessary to conduct personal research. I make a point to emphasize the work involved in building a profitable business. If every prospect were required to wait seven days before they could register, the entire process would be adversely affected. Often times, it is the excitement and enthusiasm that creates the momentum that enhances and speeds the accomplishment of goals and ultimately produces a return on investment (about $50 basic yearly investment). I don't believe a seven day waiting period would significantly benefit a prospect. Most of the people I have encountered conduct "due diligence" in evaluating this opportunity. The seven day waiting period would create a substantial administrative burden in maintaining the proper positioning in the line of sponsorship (LOS). In our organization new IBOs are introduced to other IBOs in weekly open meetings. Experiences are shared and training conducted. I do not understand the purpose of a requirement to provide a "litigation list". This sounds like a scare tactic to make people nervous about the business opportunity. Past litigation or litigation in some other organization does not accurately reflect each IBO's approach to this opportunity or the integrity that is practiced in one organization as opposed to another. Disclosures regarding any one IBO's income from this business opportunity are of no real value because it has no bearing on what another IBO may make based upon their own effort or building strategy. The only disclosure that is of any value is emphasizing what the possibilities are based upon commitment and level of effort. I believe that there is an obligation to ensure the opportunity is presented honestly and openly but without placing undue burden on the existing IBOs. There should be reasonable and specific criteria for cancellation or termination within a specified time period. There should not be any requirement for a waiting period. Prospects should be encouraged to do their own "due diligence". Current IBO's privacy should be respected. Litigation lists should NOT be required. This type of information would surface as part of due diligence.