|Received:||6/27/2006 2:23:15 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Good afternoon, My comments regarding the business opportunity rule should begin with my personal history involving Quixtar Inc. I began my independent business in March, 2004. My first 3 months, I created more volume than required to qualify for an incentive program which rewarded me a cash reward for participation. This was of great appreciation, as I was only building the business as I was trained to do, yet received rewards anyways. My next goal is to work toward becoming a Platinum qualified IBO over the next six months. The Quixtar business fits into my lifestyle seamlessly and encourages me to expand my people skills and human relations foundation daily. The proposed rule gives a few points that I agree with and some that I would prefer not to be required to administer. The seven day waiting period for new registrations would definitely limit the potential of my business. Then, I would also have to wait another seven days to help out a person I just got started. This kind of cycle would severly limit the rewards I could receive for being timely and managing my time properly. In addition, one does not have to wait seven days to purchase a house, car or get a large loan at a bank. Why should you or I? This opportunity costs only about $70 dollars to get started and if an introduction pack with some of our most used products is included, the price is around $135. I consider all people equally when giving information and disclosure of information, and would prefer to continue giving them the freedom they deserve to make the decisions for their financial future, how and when they desire. I agree that disclosure of information is critical to the entire world of business, especially since there have been large entities that have been found corrupt in the recent past. However, the documentation I provide to people, called a WSA-4400 form gives specific and exact figures so any person can make an informed decision regarding participation. I do not agree that more information involving past legal matters with others in the past should be included in a registration process. This information is much more detailed and would take away much time from myself. I studied this business on my own before joining and I always recommend others to do the same. In regards to a list of references of local IBO's for my prospects to contact before registration - I think it is a simple matter, but several situations occur when that is very pressing on an IBO. This business allows me to build a customer base and a base of IBO's all across the country. I have the ability to support these individuals and my group from anywhere in the world. I have 3 IBO's in Oklahoma, which if they were required to make a list of local IBO's to speak to, there may not be enough people in that area to list. More importantly, this requirement attacks my own integrity and credibility. If I have worked to earn the respect of my peers, which I do, I would certainly not want a prospect to register with a reference I was required to give them. This would not be a fair idea. Also, the beauty of this business is within the freedom of contacting and prospecting those individuals I determine upon. I don't want to spend all my productive time telling many other prospects, whom I have no information about, why this business could work for them. I enjoy the freedom to tell my IBO's to have their prospects call me. This way they are taking ownership of their business and are growing toward successful business practices without being required. Prospects are able to go to business meetings in many areas for free to meet many successful IBO's and hear their information for themselves. Under these considerations, there is no reason to require a list of references. Lastly, there is a projected requirement for financial substantiation. I believe very strongly that the focus should be on a persons' growth, not solely on financial gain. Thanks.