|Received:||7/6/2006 11:18:39 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I have been building our business using the Quixtar website for atleast 5 years and it has provided us with a good additional income so that my wife is able to stay home with the kids. When we got started, we made a fully educated decision to get started with Quixtar and have not felt taken advantage of in any way. We realized that it was not a get rich quick opportunity, it requires work and we make sure we make our prospects aware of that. The prospects we bring into the business usually spend about $300 to get started which includes registration, initial product pack and some educational tools. We guarantee 100% money back for 90 days if the prospects change their mind and we have a few examples where the money was refunded. We feel requiring a 7 day waiting period is not necessary with 100% money back guarantee. It would be similar to introducing a 7 day waiting after making a decision to buy any other product or a service before actually buying. Most people already make their first sale or register a new prospect in their business within first 7 days and so this rule would work against existing and new business owners. Regarding "Providing References" - we already have a system where the new prospects have a chance to meet existing business owners in meetings and ask questions. Adding this additional step not only will violate the privacy of the references, but also open up security issues since the prospect's background is not fully known. Providing a litigation list does not seem to be a fair business practice. It would be similar to any employer having to provide a similar litigation list. As it is, the litigation is not resolved yet and therefore would not be fair information to disclose. We feel we are providing enough income substantiation by providing SA4400 document to every prospect that wants to register. Personal income is not the decision making factor because in some cases downlines are making more money than their referring business owners.