| Comment Number: | 522418-11829 |
| Received: | 7/17/2006 3:46:44 PM |
| Organization: | Quixtar |
| Commenter: | Akash Munjal |
| State: | MA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hi, My wife and myself are IBO's with the Quixtar business opportunity for over 3 yrs. We have reached a level called the Platinum IBO level(doing a montly business of over $20,000 or more) and are in the process of helping a lot of other peopel reach the same level. The business has not only impacted our life monetarily but also helped us in a lot of areas like relationship with family/friends, management skills, leadership skills and provided us with a lot of business acumen which we can apply down the road in other ventures as well. We make an effort to register only interested people- people who understand that tis is not a get rich quick scheme, that it requires effort as well as work by saying that when we show them the opportunity. A typical prospects will spend about 150.00 to register for the business ALL of which is refunable upto 90 days for the prospect. The requirement of a seven-day waiting period: This rule will impact our business in a very adverse way since it removes the appeal for hard working people who are ambitious that they can work as hard as they want and get the results that it is possible to get. Typically, a 7 day wait period would not help the prospect in any way to make a better decision since he gets all the information in the form of literature packages, access to the web-site etc the very first day. Also since the prospect has a complete money back guarantee for upto 90 days he does not stand to lose anything in the process. The requirement to provide references: The requirement to provide references would put the prospect at the risk of getting registered by someone else other than the person who contacted him and exposed him/her to the business. A prospect can at any time talk to new IBO's/other IBO's by attending the weekly events that we recommend that they attend for the very safe reason. In this environment they can actuallly ask pertinent questions to other IBO's before they make a decision. Thanks, Akash.