|Received:||7/17/2006 11:52:26 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear Gentlemen or Madams, My wife and I have been involved with Quixtar for almost 10 years. We got involved from a referral from a long-time friend and we attended several informational meetings over several weeks. From the begining we have enjoyed the association with our team and line of sponsorship, meet many new associates where some have become our best friends and have experienced the challenges that come with any business. We have achieved some of our goals and have others we are still working on, however all of our expenses related to this business has been paid out of the income for many years. We have always been taught by our sponsorship and have personal experience that anything worth while will take some time and effort, this is not a get-quick-rich scheme. We tell/relate this to anyone who looks at our program and indicate that depending upon their goals and their committment, it may take 2 to 5 or even 10 years to reach them. Once we meet with a prospect and give an overview of our program, we leave them with some information, multiple sources where they can get additional information and get back with them in a few days. If a new member (IBO) later changes their mind about participating in our business program, we will purchase back any business development tools they have purchased and Quixtar nas alway been willing to refund their sign-up fees. We actually had a new IBO request a refund four months after their registration and they had used all of the products and even in this situation Quixtar refunded all of their money. We are not in the business of "selling" this business, we do not make any money by sponsoring IBO's, we profit share with IBO's by helping them create business volume and over time reach their goals. The proposals would add a lot cost and additional effort to our business and reduce the value of the business, particullary for new IBO'S. A new IBO will have an initial investment of $200 to $600 depending upon if there is a upcomming convention and they purchase tickes for it. (Our line of sponsorship even offers a refund on convention tickets if they attend and do not believe they got their money's worth). Should we require when a person buys a car that they have 7 days to return it? Or the salesman have a list of referrals, or list of any law suit that the dealership or General Motors was involved in? Or when a person purchases a TV, or the stereo or surround sound? The additional cost would be unacceptable, yet all of these items cost considerably more than getting started in our business as an IBO. Our business has such a low cost to getting started, an IBO can quit anytime they want and lose almost nothing (particularly compared to conventional business that cost tens of thousands of dollars in start-up and equipment). There is little financial risk to get started. This business, Quixtar and our line of sponsorship has more integerity than any business or organization I have ever been involved with. My wife and I have been practicing C.P.A.'s for 20 and 32 years respectively. If there are a few bad eggs, as there can be in any business (there are bad doctors and bad C.P.A's) let us go after them, not punish the whole industry.