Comment Number: 522418-12318
Received: 7/17/2006 8:27:05 PM
Organization: International Leadership Development Inc.
Commenter: Tonya Payne
State: IL
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an Amway/Quixtar IBO since 1991 and have achieved the Ruby business level. In the process I have asisted other IBO's in my business to achieve some of their financial goals too. By developing my business network I have improved my quality of life through personal development, business development including time management and goal setting skills, and leadership skills to name a few. All of these things I have been able to pass on to others through the mentoring and coaching program. I have always attempted to operate my business with the highest level of integrity and have provided full earnings disclosure. I provide prospects with a verbal explanation and a printed sales and marketing plan; audios of other IBO's who have or are building a successful network; and a sample pack of products that I market. This is a standard procedure I do and teach downline. In the process of explaining the business opportunity, my prospects learn the effort that is expected if they decide to proceed with building a business of their own. Perspective IBO's are invited to attend larger group meetings to meet and associate with other IBO's. they are encouraged to ask questions with no obligation expected. I always stress that success in this business is based on individual effort and initiative. Eventhough I present an example of how to structure a business to be the most profitable, each IBOship is a sole proprietorship; therefore incomes vary. A new IBO really has no income history to verify; which is why I use the standard Quixtar Sales & Marketing Plan which has been designed to show minimum profitability. This enables anyone to feel confident that they can achieve success. Unlike many traditional business opportunities, the initial start-up cost can be as low as $39.95 for registration as a Quixtar IBO. For under $150.00 one can obtain registration and receive a product start-up pack that contains a sampling of core line products. All of the above is refundable within 30 days if the new IBO changes their mind regarding their business ownership. Any training sessions or materials are completely optional. I believe I present enough information and follow-up time that it is not necesary to have a seven day waiting period to register. This could have a negative impact on the new IBO business. Quixtar has done a great job of setting up a separate informational website to answer "frequently asked questions" by prospects and provide personal stories from other IBO's at all levels of the business; referrals from other businesses that provide goods and services through Quixtar site; and comments from various organizations like the Chamber of Commerce, etc. This information is also available on DVD for non-internet users. My experience is that we have seen people from all walks of life achieve financial and personal success from owning their own Quixtar independant business. Thank you, Tonya M. Payne