|Received:||7/17/2006 7:00:54 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am an active IBO from 1999 Sept. I have reached Silver level and in the next fiscal year I working towards Q12 and laying foundation to make sufficient money through the business which will replace my job as an IT consultant. I have a 5 month old baby and I see this opportunity as a way to make a solid income (residual) which won't be affected by the job losses to India/China and also in the inherent instability in the job market. I owe everything to the team which I belong to (upline, downline and crossline) which has helped me to think positively in all circumstances, to overcome difficult situations in life, for coaching me to become successful financially and also in all aspects of life (marriage, health, spiritual), friendships for life, unlimited opportunities to hang out with financially free people. I saw this opportunity from a friend's friend. The person who showed me was a physician by background and he explained the concept and left me with literature with the numbers and some tapes to listen to. I got impressed with the concept and material in tape. As I got excited I wanted to share it to everone I knew immediately. I feel that the current FTC approved material has enough information for someone to make a decision to start this business or not. Even if they think the decision is not right to start the business they have an option to get a complete refund within 90 days. So there is no risk involved and the startup cost is so low. We specify that it takes 2-5 years to make 150K per annum and it is not a get rich quick scheme. I also give the oppurtunity to meet other team member from which they can learn more on a weekly basis. This business is built on momentum and excitement. People are very excited immediately after they see this presentation. If we have to wait 7 days they will lose an opportunity to create momentum by registering lot of people quickly and have the group dynamics come into play. I give lot of websites where the prospect can get some credible info like better Business Bureau and few CDs, Quixtar site etc. I defenitely believe that the 7 day waiting period will adversely affect the profitability of my business and also for the people who come on board later. If the prospect wants to discontinue the business the procedure is so simple, send a fax to Quixtar and the credit card will be refunded. Quixtar won't even ask for the products to be returned. That is free for prospect. Re the requirement to provide references: If I provide the contact info of other IBOs there is a risk that the prospect might get registered from someone who I have referred. Also I feel it violates the privacy. I do invite prospect to meetings which happens twice a week where he/she can meet other people in the team in that local area in both formal and informal manner. The requirement to provide a "litigation list": The proposal doesn't adequately cover what a "seller" is. We cannot provide litigation details of 100000+ IBOs and Quixtar as it is very huge operation. It is ridiculous to provide details about cases filed without any merit . Re-The requirement for specific earnings disclosures:I give a copy of SA-4400 which has all the numbers and also income of an average IBO. The opportunity is such that anyone I register can make more money or less than me. So It does'nt make any send to tell how much money I make. Anyone can make as money as they want depending on the hard work and their willing ness to learn. I don't show my paycheck to anyone and in the same way I don't feel it is necessary to discuss the money which I make to prospects. I give all the details to IRS. The reason I feel that it is inappropriate to discuss the money which I make rather than how you make money is because I don't want prospects to get intimidated when they find out how rich I am. I see this business as a way to accomplish all my dreams and goals!