| Comment Number: | 522418-06227 |
| Received: | 7/5/2006 6:36:00 PM |
| Organization: | Independent Business Owner - Quixtar |
| Commenter: | A Adkins |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and I have been a registered IBO with Quixtar for 5 1/2 years. We have achieved the Platinum level with the organization and are helping others achieve their goals as well. This business has brought us closer as a couple and has allowed us to take some financial pressure off of our family. We are committed to helping many other couples/single do the same. There are many other benefits to being in this organization: Friendships, tax advantages, personal and professional development. My sponsor thoroughly informed me of the company, the marketing plan and the potential of this business; enough to make a good decision to become involved. In addition, I have been proactive and asked many questions, all of which have been answered by my sponsor or Quixtar. I am committed to building this business with integrity. Therefore committed to informing those who I am prospecting and those who I am working with. When I do sponsor someone, I tell them that this is not a get rich quick game, that you cannot "ride" someone else's success and that the marketing plan is simple to understand, but is not easy, because it is based on performance. So if you are looking for $$ without effort, this probably isn't a match for you. My prospects spend between $50.00 and $130.00 to register. I tell them that $50.00 per year is the only thing that is required to become an IBO. Within the first 30 days of registration, any prospect is entitled to a full refund. If they do choose to purchase a product pak or initial products upon registration, (which brings them to $130.00) I tell them that there is a 100% money back guarentee for 180 days. Proposals: 7-day waiting period. This proposed rule is unnecessary. We do the discovery upfront, before the registration, so if someone is ready, it is because they have made the decision to get started. Because Quixtar has built in a 30-day refund policy after registration, this will allow those who want to get started, to get started and those who second guess their decision a way out without risk. A 7 day period could cost both sponsor and prospect time in moving forward with our business. Proposed Rule - To provide references: This too is unnecessary. The prospect is working with me, no one else in the organization. I either do a good job connecting or I do not. There is a very realistic chance that the reference I may provide, could convince someone to register with them as opposed to me. At events, I do introduce both prospects and sponsored business to others in my business and have them talk about why they became involved and to ask any questions they would like. Proposed Rule: Provide a litigation list - This makes no sense to me at all. There are allegations made all the time and an allegation proves nothing. We are building a business based on facts not on other peoples opinions. Imagine if Wal Mart had to abide by the same rules if someone wanted to shop there. Proposed Rule:Requirements for Earnings Disclosures: I share with every prospect the marketing plan - SA 4400, and how to acheive certain levels of income. I state that this business is an art and not a science. I talk in terms of what an average IBO who is following the business plan can earn. My income which is combined with my W2 income is private information and if I had to disclose my income to prospects, who may not even get into their own business, could use my information in unauthorized ways. Proposed Rule: Requirement for Financial Substantation: This is unwarranted. I tell my prospects how long I have been building an IBO'ship with Quixtar. I tell them my level of success and I tell them approximately what I have earned and what levels I desire to acheive by helping others achieve their financial goals. Remember, a company is not required to show W2's of their hiring managers or employees. This rule is against my privacy and control. Thank you for the opportunity.