| Comment Number: | 522418-05892 |
| Received: | 7/4/2006 9:28:57 AM |
| Organization: | |
| Commenter: | Jacquelyn Fryxell |
| State: | TN |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am a Quixtar IBO . I have been affiliated with them since its launch in 1999. I will address several aspects of the proposal. 1) Eliminate the 7 day wait. I do not believe the 7 day wait is necessary since Quixtar has a 6 month money back guarantee. This includes the cost of products. I have had a couple of IBO's utilize this option. 2 Eliminate the requirement for 10 references. We provide one or more opportunities to meet in person other IBO's locally building the business. Any questions or concerns can be addressed at this time. 3.Elimate the rule to disclose all lawsuits...etc. This would probably unfairly penalize the honest corporations and make them look bad while the dishonest ones would simply ignore the rule. 4. The income disclosure rule would be meaningless in reality but could potentially be harmful. Income is based on the various components in this style of business and models can only be provided. Information shared is clear to inform this is not a get rich quick opportunity This requires work and income showed in the "plan" of a model that is highly stable and profitable. An average monthly income for active IBO's is already included in our materials. 5. The requirement for financial substantiation would also be meaningless. Everyone starts at the same level playing field when beginning the business. OVer a period of 6 months any new IBO can exceed my income and sharing this may restrict their thinking and their opportunity. I have been very inconsistent in my business building practices since I travel overseas more than I am at home. Therefore that information would probably restrict their success. Thank you for considering these details and modifying the proposal