| Comment Number: | 522418-04738 |
| Received: | 6/28/2006 8:18:23 AM |
| Organization: | |
| Commenter: | VanDaele |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO for about three years. Through this business, which offers flexablility with my current profession, I have been able to retire over half of my debt that I had before becoming an IBO. The information provided to me at the time of the plan was more than adequate to make an informed decision and now we enclose a brochure that recommends the web sites of the BBB, Dunns and Bradstreet, etc. to thoroughly check out the business. I was never told, nor do I protray that this is a "get rich quick scheme." Quite the contrary, I comment that you are only going to get out what work you put in and this is a business you build for the long haul. Upon registration, which is about $200 with products accounting for $140, all of the money is refundable within 180 days if the new IBO is not completely satisfied. Specifically, a seven day waiting period would be disasterous for prospective IBO's. Number one, this business is built on mommentum and excitement, with a 100% money back guarantee. Number two, if you ask someone to wait 7 days, that excitement may disappear, also then they couldn't help any of their families for 7 days, and potentially other IBO's could register them. Number three with everyone's busy schedules, the 7 days wait period would be deterant to building a profitable business. The references issue is absurd. There are privacy concenrns, not to mention the fact that these people may not be in your line of sponsorship and the prospect could register with them. Our new IBO's or prospects are encouraged to meet locally with the rest of the "team" that will be helping them meet their financial goals, through this business. Without their help, the future IBO has a small chance of success, so it that is why we stress these meetings ASAP. The proprosal for litigation is ridiculous. That means any fraudulent case is open for interpretation by the prospect. Also, who is the "seller"? You the sponsor, your team, Quixtar, all IBO's? It is not possible and without merit. For specific income we have an income tool ROM16 (Internet Services) that plugs in PV for any different scenario and provides your income based on that PV distribution. You can change any numbers to provide any PV combination. We also site the SA-440 that discloses the average income of all IBO's, and at different levels using a specific model of PV distribution. This combination is more than adequate to make an informed decision. There are so many different ways this business grows, that again it is an impossible task to disclose all different income levels. When asked personally, I never disclose a dollar amount. That is personal and private. I do let them know that I have retired a majority of my debt because of this business, etc. I usually tell them that I make enough to know it works and I am going to continue to pursue my financial future with this business. To have to disclose you private financial information, is an invasion of privacy. It also could be detrimental to the prospect. They may not believe any one could grow that fast and make that much and feel you were "lucky" and then not join. Or they may feel that if it takes that long and you only made that much, I don't want to join, non knowing that it is individual and you know of people who have made much more, much quicker. In other words, don't limit their thinking, let their dreams lead them.