| Comment Number: | 522418-05691 |
| Received: | 7/3/2006 1:07:16 AM |
| Organization: | quixtar |
| Commenter: | Eleanor Miller |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-05691.pdf Download Adobe Reader |
Comments:
I became an IBO in 1976 with an investment of $40.00 which consisted of registration and products to sell and use---If chose to sell the products, the cost of registration would have been covered. It is still that fair. When I chose to register I was able to activate my business immediately---(similar to buying a pair of shoes and being able to wear them out of the store! I would not have needed to review a list of people who had bought those shoes before, lawsuits against the shoe company, or what the profit was on the pair of shoes----because I knew they would be returnable if I wasn't satisfied!) Further---I clearly understood that this was my independent business and that details about my profitability and my privacy (i.e. name/addr/phone) were known only to my upline and Quixtar. If that were not true, I would not have registered. I took a friend with me when I saw the plan and we both registered (I sponsored her)----I cannot imagine telling her that she would have to wait 7 days after my seven days---actually, she registered two more people in 24 hours---Since there are only 52 weeks in a year, this 7 day rule would be a severe limitation on each new person---mathematically limiting their "independent" business. Because this Quixtar business has been one of integrity and sound business practices powered by quality products it became my major income. As a former Systems Engineer, I was involved with many businesses and corporations. None of them could have grown and fluorished if they would have had to comply with the proposed controls--- Each person who registers as an IBO----if they choose to continue as an IBO--- must indicate that intent each year. This feature---as well as their ability to get their initial registration money refunded---should make these proposals unecessary. A person can do this evaluation from within the business----a much more revealing perspective---and then choose to continue or not. We already have something better than these proposals to protect the prospect and new IBO----let's not take a giant step backwards!