|Received:||7/17/2006 1:34:05 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My name is Aneesh Goyal and I am Platinum in the Quixtar Business Opportunity. I have been an IBO since 2004. The Quixtar Business Opportunity helps me create an additional source of income but also helps me develop as a person, as an individual and as an honest Citizen of this country. This opportunity is the best that I have analyzed over the years. Please see below my response for the new rules that are under discussion: The requirement of a seven-day waiting period: This rule will hurt our business and even prolong in achieving our goals. The reason for that is, in seven days, the excitement level falls of the prospect; things get delayed in a way when life comes in the way in seven days. What I mean is, things change in seven days and the way we can register an IBO today, it will delay the entire process of helping them and ourselves grow, not to mention when we are building long distance franchises, it is a lot of work to wait for seven days. The requirement to provide references: To provide a list of local IBOs for our prospects to contact before they decide to register would be a risk that the prospect might register with one of the references instead of us, in an event if they happen to know the reference. Another thing would be the privacy issue. With the way Quixtar is growing, if IBO's have to give references, I would be bombarded with calls for reference check all the time. When will I build my own business? Also, everybody has their opinions. If some of the references is building the business and not putting in work what it takes to get successful at it, it will allow our prospect to change their decision. Becuase, it does not matter how long have you been in the business, but what have you been doing with it determines your income. The requirement to provide a "litigation list": This disclosure document would pose a problem for us. The proposal does not adequately cover what a "seller" is, meaning that IBOs may have to list all litigation involving Quixtar itself which would also not be limited to cases found against the seller but even filed cases with no merit. The requirement for specific earnings disclosures: The disclosures and explanations about the income potential of a Quixtar business will not help in getting an IBO started. It will as it has in the past, allowed a lot of people with no character to join the business merely looking at the money we make making it look like it is "get rich quick scheme". The requirement for financial substantiation: This requirement to offer prospects the financial records necessary to substantiate your Quixtar income will be inappropriate for our business. The reason for that is because of the risk of attracting the wrong people and also by the fact that privacy might get affected as it might get spread with the wrong figures the moment people start discussing.