|Received:||7/10/2006 11:13:15 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for a little more than a year now, and I have been more than pleased with my experience with my Quixtar business and the team of mentors with which I am affiliated. When the opportunity was shared with me, it was made clear to me that it was not a gaurantee, but only an opportunity and that it would not fall in my lap but would take hard work from me just like any other business. My mentors have taught me to share the exact same info with my prospects. When we register prospects, our team always uses the bundle of energy intro pack that makes the registration about $170. I have owned several small businesses in the past, none of which have the income potential or lifetstyle opportunity as this, and none of them cost less than $10,000 to initiate. And that money had no money back gaurantee. It is also made clear that the prospect can get there business registration cost back for several months if they choose not to continue. The 7 day waiting period could slow the growth of many new IBO's. If a new business owner get's their business started toward the end of a revenue reporting period, and they have to wait 7 days to register another IBO, it may roll over to the next revenue period and cost that IBO much money in the process of helping that IBO as well. I have had examples of registering more than 5 IBOs in less than 7 days which created about $2000 in revenue. If that was lost because of a waiting period, it would discourage many people from the opportunity. Along with that, there is no information that we do not make readily available to them well before 7 days into their business. To require references would not only be time consuming away from your business, but very annoying for all IBOs. If my number was given to a prospect and they called me, I would possibly be confused as to whether they were a possible prospect for my downline. Aside from that, I would not want to spend time away from my business to build someone else's business that I may not even know. I would also be worried that if I referred a prospect to another IBO that they may somehow get registered with them. Confusion as I stated could lead to that and cause many problems in the growth of an organization. Prospects also have many opportunities to personally meet other IBOs in our organization and are stressed to do so. As far as a litigation list goes, as a new prospect I would be discouraged to hear of even the cases that had no merit or involvment with the organization with whom I am involved, and distracted. There are those with less morals and integrity than others that look at litigations as a way to make a quick buck. The income statements that we make are the standard approved incomes of our 6-4-2 marketing plan, and can be mathematically broken down and proven from the information provided. The average income of an active IBO is also provided at registration to all new prospects, and the explanation there of. I would feel a personal privacy violation if I was to provide statements of my personal income. The opportunity is a level playing field, and new prospects can grow much faster today than even in the last year, and could make more than a current IBO in much less time. I let new prospects know about what bonus level I am at, but most of all the positive impact and changes my mentorship has made in my life. Aside from the money, this organization is one with the highest standards and most morals I have ever come across. Helping others achieve in their life what I have been able to is more a priority than my personal financial success. A requirement to present proof of income is really no one's business but my own and all prospects should base their opinion off of the averages and opportunity for themselves. A seperate disclosure for each financial statement would also be time consuming and distracting. I do, however, appreciate the FTC and their help in keeping our area of business clean.