| Comment Number: | 522418-04365 |
| Received: | 6/26/2006 5:30:39 PM |
| Organization: | McNeal Enterprises |
| Commenter: | Curtis McNeal |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern, I have been a Quixtar IBO for just over two years and have been able to assist others in developing their Quixtar businesses in Colorado, Florida and California. My business has generated several hundred dollars a month in part time income. However there are many more benefits to being a Quixtar IBO then just making extra money, teaches you how to correctly handle money, husband and wife work as partners vice separate career paths which creates better relationships and marriages among active IBOs. When I registered as an IBO with Quixtar I felt I had more than enough information to make a quality decision about this business opportunity. I always make sure when registering new IBO's that they receive all the information available to them and that this industry is not and never has been a get rich quick plan, but a true business opportunity that coupled with a work ethic can enhance your current position in life or greatly change the way you live your life should you follow the plan and work the plan. One big plus to this system is you can't lose any money! Less than $200 to get started and all products and services come with money back policies. If you follow what is taught there is no way to lose money in this business. With regards to the new Proposed Rule, in my opinion a 7 day waiting period after receiving disclosures before a prospect can register does not and should not apply to businesses like Quixtar since a prospect can get his money back almost immediately should they change their mind after registering. I completely disagree with providing 10 references of other IBOs! Would this not be in violation of a privacy act? Not to mention me as an IBO who has prospected this person, done the leg work and made the phone calls, to have the prospect suddenly see 10 other IBOs and say I think I will sign up over here thank you very much! This needs to be eliminated. If you need a different disclosure for every income then use a standard average monthly gross for IBOs and you should not have to provide personal financial documents to back up income claims. Other than the FTC or similar agencies your personal income should remain that personal. In my experience as an IBO you don't need to see financial statements for some of the more successful IBOs just check the fruit on their trees, meaning look at some of the lifestyles and you would know the income is there. While I do agree that there is a need for rules to stop bogus business opportunities we must not invoke rules and regulations that will hurt the thousands of Quixtar IBOs, especially since this business model has been around for nearly 50 years and has more than proven itself! Respectfully Curtis McNeal