|Received:||7/17/2006 3:11:38 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been a Quixtar IBO for approxamately 10 years. I have been in and out of this business and this is my third time in this business and anytime I want more information to grow my business I get it from the corporation. Every time I registered I was always asked if I would like more information. I was only made 3 promises when I registered (1.) I was not gauranteed I would make any amount of money. (2.) The plan is a 2-5 year plan, but it is up to me to do it as fast or slow as I wanted. (3.) The person who sponsored me would help me as much as I wanted them to. All 3 promised have been met and I give the same 3 promised to people that I show the plan to. I have always felt this was a very upfront and honest corporation. I am in favor of limiting practices of deceptive schemes, but everytime Quixtar has been put to the test it has passed. I would not support putting further restrictions on my business. This is how I feel about the proposed rule and how it would affect my business. I do not feel the 7 DAY WAITING PERIOD would do anything for a prospect except cripple the speed at which they can build a business. In todays fast paced world of email, fax and cellphones it would move my business back into the 1950's where the fastest way to get something done was by mail. How can I compete with other business' If I have to wait 7 days everytime I want to grow my business? I could not develop any momentum. THE RULE TO PROVIDE REFERENCES could damage the growth of my business if I have to provide the names and numbers of 10 of my competators and possibly have my prospect that I have invested time and money trying to get register with another IBO. Also I would not want my name and number given out to other people. I choose to run a small business at this time and do not want to answer calls not generated by me for my business. THE REQUIREMENT TO GIVE A LITIGATION LIST is not clear and does not specify if we will be giving a list of litigation for the corporation or the entire Quixtar IBO force. THE REQUIREMENT FOR SPECIFIC EARNINGS DISCLOSURE would also put a burden on my business. I am currently required to give an SA-4400 to all people that I would like to share this business with. That form gives the average gross monthly income of active IBO's. I do not see how more information would help a prospect. THE REQUIREMENT FOR FINANCILAL SUBSTANSIATION really is an invasion of privacy. I do not share my personal income with prospects for 3 reasons....(1.) It is none of their business how much I make or choose to charge a customer for a retail product that I sell. (2.) I do not want to put a mental limit on what a prospect would like to make, if they want to make more than I. (3.) I do not want to make a prospect feel bad about thier decision to make a certain income if they are interested in building a small business and would like to make less than me.