|Received:||7/13/2006 3:09:56 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for about 18 months. When I registered, I was given more than enough information to make an informed decision regarding this business opportunity, and when I register others, I give them the same. Part of the business plan is to explain this is in no way a get rich quick scheme, that you have to put in work, and there are no guarantees. A person will typically register for less than $200 including products, and they can get their money back if they change their mind. Besides the financial opportunity, this business offers other benefits, such as long-time friendships with like-minded people, and a positive, uplifting atmosphere. I see no point in having someone wait 7 days to register, since they can be reimbursed if they decide not to pursue the business. If I was told I had to wait 7 days to register, I would compare this to buying a gun, which is not a favorable comparison, so the mere fact of having to wait would be very negative. When people are introduced to the Quixtar business, part of the process is to meet other involved people so they have the chance to ask questions from others regarding the opportunity. Our team members typically are very open about sharing information, so to make it a formal requirement to give someone a list of contact information is just a useless burden and a violation of other's privacy. Providing a litigation list would be a horrendous burden on existing IBO's. If someone is of that mindset, there are plenty of online resources to do that type of research. I do not understand how the average IBO would even be able to keep up with that information, much less be able to discuss it intelligently. As part of our business plan, we provide written documentation to every prospect regarding average and potential earnings. Once again, any prospect how is interested in that level of detail has resources they can use to determine specifics regarding their own situation. To provide specific earnings disclosures of other IBO's is once again a violation of privacy and a ridiculous burden on the average IBO. I believe that anyone looking at any type of business opportunity (network marketing or others) has a responsibility to do their due diligence. If a prospect decides this or any other opportunity is not for them, then so be it. Do not place unreasonable and burdensome conditions on the average legitimate network marketer. All in all, I believe the network marketing industry in general is the last true opportunity for average people of average means to achieve above average incomes and goals. I understand and appreciate the effort to shut down the scams and charlatans in the industry, but to target legitimate businesses such as Quixtar and others that have withstood the test of time is unfair and unwarranted.