| Comment Number: | 522418-05350 |
| Received: | 6/30/2006 7:03:02 PM |
| Organization: | eFinity |
| Commenter: | Patricia Armstrong |
| State: | OR |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO powered by Quixtar for more than 5 years. In my line of sponsorship, new IBO's are given enough information to make an educated decision: is Quixtar a good fit for them. There are no hidden "figures" because everything is based on a mathmatical equation. Using the SA-4400 is a consice document and is easy to use. If it needs to be expanded upon, that may be. My income level is low so when speaking of "the potential" I must refer to these mathmatical figures, pointing out there is no guarantee or possible way to quote an income amount. I can show someone a xerox of my check, explaining how I personally was able to receive one for $850. It isn't a time-sheet kind of activity. It isn't a store front where you wait for people to walk in your door. It take work...sometimes more (hard) work than individuals are willing to carve out of their days...myself included! I see no point in requiring a 7 day waiting period before registering. An individual may well take 7 day or 70 to determine if the opportunity is a good fit. And just when does the 7 days start? When you first run into them in the park, when you meet with them later to show them the the product lines they would market, or when they sit through a more formal presentation that really explains how the "money works". Secondly, if they change their mind, they can get their money refunded. I didn't have to wait 7 days when buying my new car. I don't have to wait 7 days to spend $3K on a new entertainment system. The total cost to register to become an IBO is almost exactly what we spent to celebrate our daughters 21st birthday... $250.00. A nice chunk of change but certainly not enough to whine over. Also, from a logistical point of view, if there is a driving distance between you and your prospects, it would greatly impact the efficiency if they had to wait to register. Many people still arn't comfortable with computers & need to be helped...in person. This is a sales related business. Sales happen with momentum, excitement & finally finding what you want. To make it fair you would also need to require a 7 day waiting period for insurance, car & time-share salesmen...and what about all the stuff people buy on inpulse at the state fair? do they wait 7 days to buy or get refunds? When you speak of providing the identity of 10 "local" IBO's, you are failing to see the actual and potential structure of a business of this nature. What is "local"? I live in rural Oregon. My nearest neighbor is 4 city blocks away. My closest "upline" is 50 miles away...up from them is over 1000 miles. The (random) IBO would be in another organization & maybe someone I don't communicate with. I don't refer my friends to a local doctor unless I know them to be fair & good. I would never refer a prospect to another IBO, in another organization, just because they "lived locally". We belong to the only organization endorsed by Quixtar, why would I refer someone to an inferior group? Litigation...that's a can of worms! It takes two to tango and there are two sides to everything. Only half of what's printed is true. Who would supply the case studies? Those that lost the argument or those who won? Do you require insurance companies to disclose all of the fraud claims filed against them before a new policy can be drawn up? It is of importance to be able to speak of bad practices I agree. Why not go after the individual organization who perpetuate the problems instead of imposing strict rules on those who comply with the ethical standards of their organization. Quixtar is like all franchises. With every venture, failure is more likely than success. Thats life. That's people. You can't always substantiate your income no matter what you do. Everyone's idea of "financial success" is different. It IS important to not go in the whole. Teaching those principles may well need to be required. Teaching kids how to balance a checkbook while still in highschool should be too