|Received:||7/3/2006 12:09:03 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:How long have you been an IBO? 6 years What goals have you been able to meet so far? My business is profitable. What is your next goal as an IBO? Make $2,000 a month in the business. How does the Quixtar business fit into your overall lifestyle? It is helping me focus on what is most important. Are there benefits other than income? Yes If so, what are they? Association with successful people. When you were registered, did you receive enough information to make an informed decision about whether to register? I received more information than was necessary. When you sponsor others, do you provide them with the same kind of information? Yes Do your prospects understand that the Quixtar business opportunity is not a "get rich quick" plan, that hard work is required, and that there are no guarantees of success? If so, how do they learn this information? Yes, They ask, they associate, they have real questions, concerns. I don't want to work with the people that think it is "get rich quick". How much money do your prospects typically spend to register (initial registration fee plus optional product pack)? $170.00 How much of that money can they get back if they decide to leave the business? $170.00 The requirement of a 7-day waiting period: I think this is unnecessary. It is easy to get started, and easy to get out. Very little risk. The requirement to provide references: Should we require car sales people to provide a list of references too? It is a lot more expensive to buy a car then it is to get involved in a business opportunity like this. Requirement to provide a "Litigation List": This proposal would require each IBO to devulge any litigation both by the IBO, all other IBO's and quixtar itself... quite a long list... And completely unnecessary. The requirement for specific earnings disclosures: I don't believe this is necessary. It is a unnecessary burden on the IBO. And irrelevant to the prospect because it is dependant on the prospect to build the business the way they wish. The requirement for financial substantiation: I believe this is inappropriate. It is up to the prospect to build the business the way they wish. If they want a big business that creates them lifestyle they way they want it is up to them. It is irrelevant what sort of lifestyle the sponsoring IBO creates.