|Received:||7/10/2006 8:48:09 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an a Quixtar affiliated IBO since 1995. I have achieved the Platinum level in the business in 8 years. i was not aware of the oppurtunity, i got excited about the oppurtunity for what it had to offer, i believe i was provided with enough information to get started in the business, i have continued to provide the same information to my prospects. The requirement of a seven-day waiting period: it would tremendously slow the natural progression of the business which is built on level of excitement and speed which is naturally slowed with a waiting period, thus leading to increased costs and decreased profitability of owning and running a business. the benefits a seven-day wait provides is already in exsistence with a mone back guarantee the corporation provides for prospects for six months What costs or burdens would a seven-day waiting period impose on you as an IBO? How would it affect the profitability of your business? The requirement to provide references: if I was required to provide a list of local IBOs for the prospects before they decide to register most would not even call them, since looking back at how i got started my sponsor had left me materails to review which i didnt even look at before getting started. if by chance he calls one of them and since the prospect has not registered yet another ibo may prospect him for his own business. I also want my privacy to be protected and not publish my home phone(which is also my business phone) to be given to people i dont even know. we always recommend to the prospect to meet with other ibos and learn about their experiences in our team at a meeting where i could be present as well to ensure no unethical interactions take place. The requirement to provide a "litigation list": I will have to list all litigation involving Quixtar itself as well as the entire IBO force across the country this will require an extensive research and put excessive buden not just on myself as a business owner but all business owners to keep upto date on all litigations. This would also include cases with no merit. The requirement for specific earnings disclosures: I would not want to disclose my specific earning to anyone but my family, why would anyone want to make specific disclosures about theirs, quixtar does provide us with average incomes of 'active' IBOs and average earnings of different levels of IBOs which is adequately provided to the prospects on the SA4400 form The requirement for financial substantiation: i do provide a general idea of how much i make in the business on a yearly basis from my business. i donot feel that my prospects need to know exactly how much i make because i am not selling them my business secondly i am hooking them up to my upline team who make much more than i do, who are also not selling their business to the new prospect but are available to teach them what i may not have learned, and therfore have the oppurtunity to outgrow my income.