|Received:||7/11/2006 2:27:24 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for 15 months now, and have never had as much fun in my life. I am a small business at 600 PV, but am doing great things with the opportunity. I work on some part of my business everyday, and as a result, the Quixtar powered business has forever changed my life. To me, the importance of the other areas of my life far outweighs the importance of my income, and has never been more successful. I changed from a typical party seeking teenager, to the abundance minded young leader I am today. This entire essay could be about the awesome turn my life has taken for the better, but for the purpose of the other issues, let me limit myself to say, that I am closer to my family, thinking of others on a regular basis, and actually strive to be a major influence on society. When I started my business, I was actually encouraged not to register until I clearly understood all aspects of the Quixtar opportunity: and I currently go to great lengths to make sure all of the individuals I meet understand them as well. When the question arises of whether I or any businesses I am coaching "hype", a get rich quick attitude, I find it funny. I believe if that were included in my qualification process, I would be doing myself and my prospect business owner a disservice. I clearly and verbally tell each person I interview from the beginning that "This is not a get rich quick method, I cannot guarantee your success and it will require hard work and effort." All of my business prospects clearly understand that their registration fee, and start up materials (usually the bundle of energy pack) are 100% refundable in case they should find any reason to change their mind. A seven-day waiting period: My business would be significantly disadvantaged by a waiting period of 7 days. I can cover the necessary legal information much quicker on my own, and I believe a prospect should not be tied down with questionable boundaries, only potentially causing them to distrust the opportunity. The business is catered to the average individual as an opportunity for success and I believe this extra requirement can only cause entanglements in profitability, delay in beneficial knowledge, and hinder how beneficial the opportunity is immediately to a new IBO. Providing references: I believe many aspects of my business will be disrupted if references of 10 other business owners are required to be provided to a prospect. This requirement will inspire the possibility of IBOs to acquire prospects they themselves did not find, and an IBO in a very active area may not need to prospect on his own at all, if he is the most relatable to other business owners' prospects. I believe it is fair for the prospect to know how many businesses operate in his area, even though that may discourage the prospects ambition, and all of this information excludes the fact that for those other business owners provided, giving of their personal information is an infringement of privacy, and complications can easily arise between them and this requirement. All of my prospects already meet others IBOs within my LOS and get to hear many personal testimonies. Providing a "litigation list": I am not well exercised in the area of litigation, but I know for sure that any documentation required to be represented to a prospect would potentially become excessive, and unnecessary. Not only disclosing cases with no merit, but costing more money and potentially portraying a bad image of the awesome customer service exercised by the Quixtar Corporation. Specific earnings disclosures and financial substantiation: I believe the disclosing specific earnings falls under a violation of privacy that not all IBOs would be comfortable with sharing. I cover all needed average earning disclosures for every prospect and follow all guidelines provided already. My personal earnings are just that, personal. Disclosing this information is best left to IBOs.