| Comment Number: | 522418-06152 |
| Received: | 7/5/2006 3:17:42 PM |
| Organization: | |
| Commenter: | Dwayne Warren |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hello My name is Dwayne Warren and I've been an Independent Business Owner (IBO) affiliated with Quixtar, Inc. since September 1999. I've been successful in developing this business to the point of generating over $15,000 in business volume each month. I intend to help as many others reach that point as want to. I'm able to work this business in my spare time. Through a seperate program with other IBOs, I've learned to think differently and because of that I've been able to develop three seperate companies that have been generating about $1,000,000 a year in Gross revenue. When I became involved with Quixtar I was provided ample information about the business opportunity. When I explain the business plan to others I provide them with a packet of information about the different aspects of this business and leave that information with them for a couple days so they can read it over and make an informed decision. When I got involved I was not promised success and do not promise success to others. I believe that success is determined by the individual and is therefore their responsibility. My success in this business is directly related to the amount of time and energy I've put into it. With Quixtar everything including the registration fee is refundable for 180 days. This seems very adequate to me. If someone registers as an IBO they pay about $131 in registration fees and taxes. This provides them with monthy magazines and a few products for them to sample. If they chose not to receive the magazines and products they only pay around $60 in registration fees to Quixtar. Again this money is 100% refundable. In your proposal there is a 7 day waiting period. In Florida, there is a time period after making major purchases where we are able to return or negate a contract. This is called a Buyers Remorse period and lasts about 14 days. Since the registration fee is so slight this does not apply to our business opportunity. Quixtar allows 180 days for the return of the registration package and the same 180 return policy on any products purchased. This is far greater than any store where I shop. A seven day waiting period is redundant and would affect the newer IBO's ability to earn money because they would have to wait 7 days to start developing an organization. Another issue is the requirement to provide references - a list of people already involved in the area. This would be an invasion of the other IBOs privacy and new IBOs registering would not be able to provide this information. I own several business' and am currently in litigation with one of my former contractors. I am not required to provide this information to prospective contractors nor to any of the companies with whom I contract. It has nothing to do with my business. Requiriment of a list of all litigation with Quixtar is the same to me. Not associated with my business. We all are required by Quixtar to provide a document they call an SA-4400 which describes the business opportunity and that the average monthly Gross income is $115. I don't believe a specific earnings disclosure would be any better than that. I don't tell anyone how much I make from Quixtar and I explain at the start that I own several companies. I would be offended to have to supply my financial records to a prospect. I don't ask them how much money they make at their job either. I do hope you try to better understand the way Quixtar does business and that the people registering with Quixtar are well looked after. Thank you for your time.