| Comment Number: | 522418-05671 |
| Received: | 7/2/2006 11:25:53 PM |
| Organization: | |
| Commenter: | Anantha |
| State: | MO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been fortunate to be able to develop a good business organization with Quixtar that has made a positive difference financially for us and for a number of people in our team. The Quixtar business is an integral part of our life because I see it as the only viable/sensible way to develop a strong additional income without affecting my job. The impact of the education and experience that I have gained through my business has helped me in all aspects of my life from finances to communication to relationships to discipline. When I sponsor others I always provide them with enough information so they can make an educated decision. I always make it a point to state in my business plan that this is not a "get rich quick" scheme and that there is work required. The request to provide references would have an adverse impact on my business since I don't have may members of my personal team in the local area. I do feel that it would also be a violation of IBOs' privacy since this business is usually developed on a part-time basis. Prospects do get to meet other IBOs at the local seminars and learn more about the opportunity. The request for financial substantiation by individual IBOs, in my opinion, really unnecessary due to the fact that: (a) Quixtar already prints on the documentation given to each prospect the average income of "active" IBOs and (b) My personal income does not limit or reflect in any way the income that the new IBO can create through the Quixtar business.