| Comment Number: | 522418-06585 |
| Received: | 7/6/2006 7:43:49 PM |
| Organization: | Quixtar |
| Commenter: | Lance Yorita |
| State: | HI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO for 2.5 years now. I was first introduced to this business from a co-worker of mine who is now my personal sponsor. So far I have been able to hit the 1000 PV level as well as the 2500 PV level and I am making about $80 dollars a month. This is sufficient to cover my membership to the organization that provides my personal web site as well as my subscription to my personal assistant, which is a voice/email/fax. $80 does not seem like much, but there is more to this business than money. Because of the association I have been able to raise my self-image and I feel more comfortable with myself as well as around other people. Because I have a higher self image, I am able to pass that on to others and create a better environment where ever I am. When I registered in this business I recieved literature explaining how the bonuses were paid and how much I would be making at each level. I was informed of how to build the business and what type of paramiters I should lay in to recieve the maximum profitability. My sponsor also informed me as to where I could get credible information regarding Quixtar. The information provided to me was sufficient enough to make an informed decision, and I do not regret that decision at all. When I show this business to others I provide them with the same and better information. They understand the Quixtar business is not a get-rich-quick scheme because I tell them so. I inform them that it is going to take some work and dedication and not everyone they talk to will be interested. The typical registration costs about $160 dollars. Of that $160, 100% is fully refundable. A seven day waiting period would adversly affect my business because this business is built on momentum, and a sure way to kill someones momentum would be to tell them to wait to register. A typical registration lasts about 1.5 hours and the prospect receives information on the proper way to build a business and the proper peramiter to put in in order to receive maximum profitability. If it became a requirement to provide a list of local IBO's, there is a risk that my prospect may sign up with someone else and thus my hard work would be lost. I would also not be comfortable with being required to give out my personal information to poeple I have never met since I do not know what kind of person they are. For all I know, they could be some psycho. I also feel that it should not be required because prospects already have an opportunity to meet people who are already in the business when they come to meetings. At larger meetings, prospects have an opportunity to meet people from different lines of sponsorship, as well as people from all the the US. If it were required to provide a litigation list of all the the cases against Quixtar my time and money would be taken up printing documents and handing them out. I also think that I am not supposed to do dog-and-pony shows for people. There is adequate resources for the average individual to do their own research. Imgaine if I had to cater to 10 different prospects, how much time and money would tha take up? Your FTC web site already provides the information that would be provided. When I first signed up, I took the intiative to look up information on the company and the people involved, and I don't think it is unreasonable to expect the same of others. The SA-4400 is more than adequate for specific earnings disclosures. There is no way I, or anyone else, would have enough time to draw out separate examples for every income case. And once again, there is enough information provided that people can figure this out for themselves. When prospects ask me what I made last month, I tell them, and I don't lie or stretch the truth. I feel it would be inappropriate to require IBO's to provide a financial statement because it feels as if people would then be diggining into my personal life.