|Received:||7/13/2006 12:20:50 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My fiancé and I have been IBO's for 5 weeks. We have begun to tell others about the business. We hope to sign at least 4 people up this next month. Quixtar works for us since we have extra time and we love to get together with other IBO's. We are not totally in this for the money. We like the people we are around and we like the challenge of meeting people and telling them about the business. When my fiancé and I signed up, we were totally immersed in the business right away. We learned so much from our mentors and knew all the up front costs right away and had help with learning everything we needed to start out right. We are constantly being mentored and learning about the business at meetings and other functions. When we sponsor other people, we plan to educate them the same way we were educated as that will help our business grow to be the very best. We understood that this business is not a get rich quick scheme. Every meeting, new IBO's and everyone for that matter are informed on how long it typically takes to make the big money. At no point is an IBO locked in by a contract. They can walk away at any time. Hard work is understood and preached on at every meeting and everyone who has been in this business for a while understands that. Typical startup cost is $160 and the new IBO has 6 months to get a full refund if they decide not to be in the business for any reason. If I registered an IBO, I would want them signed up right away. I would not want them to have to wait 7 days to start telling people about the business and begin to make money for themselves. There is no benefit to a 7 day wait. This rule hinders our growth as a business and could affect our profitability. Prospects are well informed before signing up. The need for a 7 day waiting period is pointless because new IBO's can get their money back in 6 months if not interested. They are not locked in by contract. The whole point of this business is to tell others and spread the word quickly to help everyone become financially secure. Giving prospects a list of the names of 10 IBO's in the area would give away information that is private and would damper the business. This idea also gives the prospect the opportunity to register with another IBO instead of you. I would feel my privacy is taken away from me if I had to give out private information to a prospect. I would not do that to my mentors either. Their privacy is important to me because we hinge our business on trust and integrity. I don't feel the need to share with prospects any charges that Quixtar has had against it. Quixtar is a reputable business and other reputable businesses have gone to court. False claims should not taint a business name or how they run. Any prospect can check out several websites to learn about Quixtar and how the business works. This business is built on integrity and not on a "pie-in-the-sky" scheme. This is not some pyramid scheme either. This business is out to provide people with another source of income on tope of the job that you already have. Financial information should be kept private. In the meetings, IBO's can learn how much they could make depending on how they grow their business. Results are not guaranteed as your business depends on how much work you put in your business. The earnings are definitely there and are very real. Offering information like this should be voluntary and not mandatory. These rules are not good for business. This will hurt the growth of Quixtar and are not needed. Quixtar is reputable and should not be put under scrutiny for their business practices. I petition that these rules not be put in place and that the current laws that are in place stay in place so that the growth of Quixtar will result in the changing of people's lives and help them to be free to live how they want.