Comment Number: 522418-07930
Received: 7/12/2006 12:50:58 AM
Organization: Quixtar Independent Business Owner
Commenter: Caleb Standafer
State: CA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an independent distibutor with Amway and Quixtar for 25 years. My experience has been entirely positive. In the early years I was active, then chose to concentrate my efforts in my regular job. I have kept my business going all these years. I have made money, enjoyed the products, become more skillful in interpersonal relations, and gained business skills that have helped me in my job. The person who sponsored me gave me plenty of information and did not pressure me. I was able to meet other people, as well as read literature. It was clear that work was required, and that success would not happen over night. I went to a meeting where successful people told of their experience, and all confirmed that it took work over a sustained period to become successful. All that was sufficient to make an informed decision, especially since the cost to get started was about equal to the cost of a good pair of shoes. I sponsored people and followed the example of my sponsor in doing so. I provided the information supplied by Quixtar, and answered all questions, even going to my sponsor if I was unable to answer the questions. I introduced them to my sponsor who supported me. The cost to register now is even less that when I started. At approximately $55, there is little risk. And Quixtar has a money back guarantee, so there is nothing to lose. I am now planning to develop my Quixtar business for a retirement income. Your proposed ruled change has me very concerned because it would negatively impact my business. A seven day required waiting period is unwarranted, since there is a money back guaranteed by Quixtar. This would slow down the time for a new person to get started and experience some success with ordering products and sponsoring people. When they are excited about a way to help themselves financially, it is the best time for them to share the business opportunity with other people. It would be a shame to make them wait, losing that enthusiasm. The best way to understand the business is to try it. If they decide it is not for them, then they can quit and receive a refund. Nobody can really evaluate the business without trying it. For example, in my regular job I am an accountant. Even though I got a degree in accounting, I did not understand it until I had worked for a year. Providing references is unworkable. Quixtar IBO's are independent. A person provided as a reference may persuade my propect to regster with them. Why should I give a refernce to another IBO when there is no financial benefit to me? People can use Google on the Internet to get all kinds of information about me and about Quixtar. It does not require 7 days and 10 references to do it. They can also find out about litigation if they wish. To properly assess the litigation, a prospect would have to take the information to an attorney to help understand it. This hardly seems necessary for a $55 start up cost. With Quixtar we are required to provide average monthly gross incomes by providing a piece of literature called an SA-4400. The information has been adequate for a person to understand the nature of the business and the income potential. Most people really are sceptical about ever achieving a high income, but they figure that they might as well give it a try since it is easy to start. Providing my personal income information from my Quixtar business is not really relevant. A new person could feel it is too low, and so not give it a try, even though they could work harder and have more succes than I. Or a person might think it is so high as to not be achievable. Just laying out the facts of the opportunity is really better. It is worthy to help people avoid losing large sums of money to unscrupulous people, but please avoid hindering the Quixtar Independent Business Owners. Quixtar is a no risk opportunity, and gives people a way to improve their finances.