Comment Number: 522418-07087
Received: 7/9/2006 7:50:52 AM
Organization:
Commenter: Carino
State: HI
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 for about 9 months now. The Quixtar business fits into my daily schedule about an hour or two a day, not much, and overall it has benefited me so much with my personal development and relationships with others not only income.It has educated me like no other education I have had before in my lifetime. When I registered with my sponsor I received enough information about the business opportunity I was being shown and if I needed additional info. I could just log on to the Quixtar website.This is also true for when I offer others this wonderful opportunity as well.When I show others the plan I state clearly that this is a legitimate business, not a "get rich quick" scheme and explain that if they feel the need to they can bring the documents I showed them to an attorney to assure them that it is indeed legitimate.I also make it a point to explain that you get paid for your performance meaning that if you don't put in any effort, you will not be successful and that only they themselves can guarantee their own success. To register in to the Quixtar business it is approximately $140 which includes a one year membership fee, product introduction pack, along with business insurance and periodicals and if at anytime they feel that they are not satisfied with what they have been offered they can call Quixtar to receive a full refund. I do not disagree with the proposed rule in its entirety, but I do disagree with some of the specific issues, such as the requirement of a 7 day waiting period.I believe that it is not necessary to have to wait 7 days to register, I feel that if they want and are willing to begin right then and there they should be able to.It is up to them when they feel it is the right time and if they want to wait 7 days, then so be it, but it shouldn't be a requirement. I also disgree with the requirement to provide references.I already introduce the prospect to other IBOS in the business and they also have the opportunity to meet thousands of others at the business functions that our support system holds. I do not agree with having to give out my name, address, and phone number so freely, I believe that it violates my privacy, especially if I get calls from people who I haven't even met yet. As far as the requirement to provide a "litigation list", I don't really see a problem with that, I have nothing to hide and neither does Quixtar, so if my prospect feels the need to see a litigation list then so be it, but as far as the cases filed with no merit I think to provide those is unnecessary. Lastly, the requirement for financial substantiation I believe is unnecessary as well. When I introduce the business opportunity to a prospect and they ask me how much I make currently in the business, I tell them without hesitation and I explain, that the impact that this business has made on me and my family has been tremendous.But to be required to offer prospects my financial statements would be irrelevant. Who cares what I make as long as they know the potential of this business, the legitimacy of this business, and their own ability to do this business, I don't think my financial statements is a necessary factor in their decision to either start or not start their own independent business.