|Received:||6/27/2006 1:10:05 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for 6 years. With Quixtar I have been able to create a small extra income to help pay for my son’s preschool. My next goal is to be able to become debt free. The Quixtar business is a great opportunity to create an extra income, with flexible hours that don’t infringe on personal commitments. The benefits of this business are so enumerable it is hard to figure out where to start. More than the income, it creates an opportunity to be a part of a team that is working towards a common goal. It also builds friendships that you wouldn’t normally get involved with in everyday life. When we registered, we were shown the business plan with a disclosure of the average IBO income and the information for the educational system which helped us decide whether or not to register. The education system has been one of the best investments we have ever made. When we sponsor others we try and duplicate the same information we were given and any other information our prospective IBO’s would like or need. I explain to them that the Quixtar business opportunity is not a "get rich quick" plan, hard work is required, and that there are no guarantees of success. I tell them that You get out of it what you put into it. If you don’t do the work you don’t get the rewards. On the 7 day waiting period: I believe that this would be a hindrance to the value of the Quixtar opportunity, as it would delay the new IBO from getting a jump start on building their new business by limiting their “excitement and enthusiasm” when getting started. When a new IBO gets started I try to work with them within the guidelines of the business to assist them in getting the proper information to prospective new IBO’s as quickly as possible. I don’t feel there is a need to delay the new IBO from getting started as they can get 100% of their money back from the corporation if they are not fully satisfied. That was what impressed me about the Quixtar business opportunity when I first got started. On providing references: I don’t feel this would be in the best interest of any “networking business opportunity” as there is a risk that my prospect might register with one of the references instead of me. I do not believe that that would be fair to new IBO’s as they still do not have the experience which would cause a new prospect to possibly go with someone more knowledgeable. I also feel that it would violate privacy laws to be giving out information of other IBO’s without their consent. Besides, when a new prospect registers or is considering registering, they attend meetings to meet other IBO’s and get more information. I feel this is the best way to find out anything they want to know. It also creates that sense of “community and a team” when they get to meet the people they will be working with. On providing a "Litigation List": The disclosure document would be a list that would create far too much paperwork by having to keep up with all litigation involving Quixtar itself as well as the entire IBO force across the country, even filed cases with no merit. This would create a lot of error in reporting as there is no way to keep up with that information and keep an accurate record. IBO’s have enough work by having to concentrate on their own business practice and morals than having to deal with keeping track of what everyone else in the country is doing. On the specific earnings disclosures: As IBO’s we are required to disclose the income potential of a Quixtar business which includes the average monthly gross income, and the printed business plan. This I feel is more than sufficient information to the prospective IBO. On financial substantiation: I do not feel it is anyone's business but mine what I make in the business, based on what I have done. Once again I explain, "You get out of it, what you put into it". If they don't do the work they don't make the income or get the rewards. Thank you for your time.