Comment Number: 522418-06596
Received: 7/6/2006 8:21:30 PM
Organization: Jamison Enterprises
Commenter: Louis Jamison
State: TX
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 affiliated with Quixtar for over 5 years. Through this business opportunity I have been able to provide extra income for myself and my family. To This point I have reduced our amount of personal debt with the added income and in the future I intend to clear all debts and create an income level unattainable through my traditional employment role. When looking at this opportunity I investigated it by speaking with my future sponsors and other upline, listening to informational CDs, attending meetings held by business leaders, and reviewing the presented documents. Because I realize the benefit of doing things right the first time I give every advantage and bit of information I can to any prospects I meet with. I present things as clearly as possible, which is made easier with the available tools and items we currently have access to. I make it clear that this is not a overnight deal but an actual business that if treated as a business will yield great returns just as any succeccful busness. I also let them know that whatever their desire is, whether it's $500 a month or $500,000 a year, we can halp them achieve it as long as they put forth the effort. To get fully started I recommend, but don't require, a prospect invest about $170. $52 to register their business, $70 in an initial product order, and $50 to become a member of our professional development/training organization. I personally guarantee a refund for anyone if they are unsatisfied with the arrangement. While I agree with the idea of having a uniform law for all businesses to follow, I believe some areas of the initial proposal are in need of revision. The first area is the seven day waiting period. I belive there would not be any benefit from this. A prospect can take as much time as they like before registering so there is no need for a required waiting period. Also, the profitability of my business could be negatively affected. Because of certain incentive and bonus structures, I earn more when I help someone get started and become successful in moving volume. If I am working towards a deadline at the end of the month or end of the year, being able to get someone started and moving volume right away is critical. Taking that another step helping a new person reach certain goals of levels of success would be negatively affected if they weren't able to get someone new registered and moving volume as soon as possible. The second area is the requirement to provide references. I totally disagree with this concept. I absolutely DO NOT want my prospects talking with any other Quixtar affiliated IBOs in my area without me initiating it. Moslty because if I have a prospect who I've taken my time, effort, and resources to connect with and then they find an old friend or whoever that happens to be on a "reference list" they might join with them and that isn't fair to me. Also, I want my prospects meeting people I work with that are actually engaged in the business and are crediblt sources of information versus talking to someone who has the wrong idea or is just a negative person. A prospect has opportunities to meet and talk with other IBOs at our training meetings and seminars. I disagree with having to provide a litigation list. To the average person who doesn't understand legal documents if they see something regarding "court filing" they automatically think it's a scam and everyone's bad. This would misrepresent our businesses because it would place a false importance on who filed a charge or why they were upsest. The importance needs to be placed on what the actual outcome was. I hope my thoughts are received well and help with the process of creating an improved proposal to help us all. Thank you, Sincerely, Louis Jamison