| Comment Number: | 522418-06520 |
| Received: | 7/6/2006 3:51:32 PM |
| Organization: | Quixtar.com |
| Commenter: | Jason Frega |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an independent business owner powered by Quixtar for almost four months now. I have been extremely happy with all that the organization as well as the other business owners have done for me. I have made over $117.00 a month for the past two months and should gross anywhere between $425.00 - $650.00 next month. Extra money is always great, but I have also learned many great philosophies of life through the business opportunity. For example "The Strangest Secret" by Earl Nightingale. I was well informed upon joining the business that this is NOT a "get rich quick scheme." I was also informed that the Average Business Owner makes $115.00 a month. I am happy to see I have already after only a couple months rised above average because of good training and mentorship. I am sure to always make very clear to my prospective business oweners the no gaurantees in life attitude with the positive attitude that good mentorship can help them grow. I give them informational CDs and websites where they may further research the business opportunity after showing it to them. Most of them are ready to go the next day, and so a seven day waiting period seems entirely too extreme. I think a seven day period may scare a lot of potential business owners off causing them to miss out on this great opportunity. Not everyone understood William Shakespear when he said, "Our doubts are traitors, they make us lose the good we oft might win by fearing to attempt." I also make all my prospective business owners aware that if they do change their mind they are entitled to a full refund, and may feel free to call me or the Quixtar help line to have that processed. The average start up fee for a business in quixtar if an optional product pack is included is just under $200 and It is a full 180 day money back gaurantee, so why a seven day wait when we have 180 days no hasstle money back anyway. Another thing that highly bothers me about the proposal would be to have to give a prospective business owner any type of list of other business owners in the area. I would feel it as a severe breach of my privacy if several strangers were just given out my name, address, and telephone number. A new business owner has plenty of opportunities to get in touch with other business owners. In my area there is a meeting once a week for local business owners where the prospective business owner could come and meet 25 - 50 business owners from the area. The prospective business owner can also get advice and mentorship from them once enrolling into the quixtar business plan; however, by bringing them to a meeting and letting them meet other business owners after i have them interested in the business plan it will only strengthen their desire to become a business owner, because my group are all doing so well. Also this will highly reduce the risk of the prospective business owner getting signed up under another person's business instead of mine. A list of IBOs would not have helped me in my decision anyway. I wouldn't have called a bunch of strangers to ask what they thought of the business they were in. I researched it myself and made the right decision. As far as disclosing what one earns the phrase "The average Quixtar business owner made $??? a month in year ????" should be more than enough. I know I stress this to all of my prospective business owners because Quixtar runs its business honestly and professionally. I also don't necesarrily feel comfortable sharing my income levels with every single person. As well as when a new person registers as a business owner they recieve a booklet of financial information, as well as bonus amounts each level in the business is entitled to. When I started my job at a clothing store on commision sales they told me my percentage and the average employee's monthly gross, not written documentation of each salesperson's stats and income. It should be the same for a business opportunity. Thank you.