|Received:||7/13/2006 11:23:07 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been involved with the Quixtar business for almost 5 years. So far I have been able to reach the Platinum level which took 18 months. Being 21 when I got started, this has definitely changed not only my financial outlook, but everything from my relationships to my priorities. My fiance will be able to raise our son full time when he is born on July 30. Eventually, I will be able to recognize my goal of being able to take part in raising him full time as well. Overall, this business has been easy to incorporate into our lives. I have better relationships with my family and friends. When I first registered, my sponsor answered all my questions to the best of his knowledge. Of course, I didn't have much questions as I trusted him because I knew him. Even until now, however, any question I have asked has been given a proper answer. When I sponsor others, I give all information that is required. They have my contact number and I ensure that they know that if they have any questions, I am there anytime to answer them. I believe that this business is determined by the perceptions of the prospect. I ensure that each person knows it's not a "get rich quick", but even then, some people only hear what they want to hear. They are informed that everything they invest will be given a full refund (including tools) for everything they purchase for 6 months. The 7 day wait period, I believe, is unnecessary. One thing we have always done, is to not let anyone get registered after seeing the plan the first day. They have to go home, take home the info and we get back with them. To me, this rule is neither good nor bad. Providing references would also be, to me, a waste of time. Most prospects that come to our meetings have an opportunity to meet people on our team. In fact, it's a practice that we ensure before someone gets registered. If they can't work with the team, then we typically don't work with them. I completely disagree with the "litigation list". The very nature of this business is that anyone can succeed regardless of their past. IBOs will begin to discriminate with whom they speak with if they know that the person they bring in will have to show all litigation. If the "seller" is Quixtar or the MLM company itself, its business owners should not be affected by past actions of individuals, which most of the litigation is made. Earnings disclosures are already made with the material that's approved by the company. All disclosures are discussed before the prospect is registered. Requiring IBOs to fully disclose their income would not help. Everyone who registers has the same opportunity as everyone else, but their income cannot be determined, by the person who brings them in. Some IBOs have chosen not to be active with the business when they first get registered. If, for example, a year later, he decides to pursue the business, he would have to disclose his business after a year of operation, although he hasn't done anything. This provides unreliable information that will not benefit the prospect. Basically, most of these proposed measures are already practiced with good, trusting groups. In any MLM, there are bad apples and regardless of any rules imposed, they will always find a way around the rules. Which in turn, the rules will only hurt the good ones, rather than help them. The only suggestion I would put in, is to require groups to have a better way to return unused training materials to people who choose to leave the business. Quixtar's return policy is superb, but does not include business support materials provided by its high level distributors. I believe that requiring a good return policy will benefit everyone. When they know that people can return them, they will make sure that the training is there to provide value. There will be more growth and less people complaining about the "money they lost". I believe this will benefit the MLM industry as a whole. Thank you.