| Comment Number: | 522418-05417 |
| Received: | 7/1/2006 1:33:08 AM |
| Organization: | Quixtar |
| Commenter: | Damon Ballard |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO for only 3 months now, I found the person that sponsored me to have provided me with more then enough information to make an intelligent and informed decision. It seemed to be part of the way they did buisness, and that is how I aproach my prospects. There are certainly plenty of scams out there and regulations are something that will help eliminate them. However, such regulations need to not also cripple legitimate businesses. As an example, a 7 day waiting period is unnecessary when a simple refund policy exists if the prospect is not satisfied. Providing a list of 10 references to a prospect compromises the privacy of those being used as references. Resonable requirement of disclosure to a prospect are something any legitimate business should and will embrace, so long as they do not place an unreasonable financial burden on the individual, nor should they compromise the financial or personal privacy of the individual IBO. In addition, as any IBO type business like that of Quixtar IBO's income is based off of the amount of time and effort each individual puts into their business. Thus causing a great difference in the incomes of IBO's over any given time frame. Meaning any disclosure of income to a prospect beyond an easily understood, Average monthly gross income for 'active' IBO's Places an unnecessary burden on the IBO, requiring huge amounts of paperwork. Any legitimate business should already be telling prospects that any 'Income' claims are either 'best case' or 'perfect world,' and should explain that results will vary depending on the effort the prospect puts into the business. As long as the IBO is disclosing to a prospect how their money will be made in an easy to understand form, reasonable people will not need more then a simple 'average income' disclosure. To end, I am very greatfull to my sponsor for the opportunity that has been afforded to me as a Quixtar IBO. I personally do all I can to ensure that my prospects have all the information they need to make an educated decision. If they ask for a few days to look things over and think, I give it to them as any reasonalbe person and business would. A requirement of 7 days before a prospect can sign up is difficult at best, and unnecessarily punishes the prospect by forcing them to wait for no legitimate reason. Thank you.