| Comment Number: | 522418-09123 |
| Received: | 7/13/2006 11:28:57 PM |
| Organization: | Quixtar |
| Commenter: | David Knapp |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sirs; I have been a direct distributor with Quixtar since 1999. We have reached the top commission % level. Our lifestyle has completely been changed for the better by this income. When I registered I feel I recieved more than adequate information necessary to make an informed decision. It was made clear that this is a business requiring work and dedication but that same would be rewarded. To this day, when I register new distributors, I pass on the same complete information. In fact, in my initial presentation, I point out the time and committment required to be successful making this NOT a get rich quick scheme. I also give resource materials and web sites to do due-dilligence on our company and business. Typically, new distributors spend $250 getting started. However, this comes with a 6 month money back guarentee. A 7 DAY WAITING PERIOD: I never ask for a registration application at the first presentation. I always ask them to see the presentation a couple of times before they decide. A seven day waiting period would be a hinderance to many as timing is part of people's decision making process. This would unnecessary in our process and an added restriction that would not be needed. I believe this would actually slow my business down and prevent people from gaining due to "government regulations". REQUIRING REFERENCES: I am building my personal business and helping others to do the same. To require that the names of other IBOs names be given to new prospects would indeed FORCE my business to be a part of people I may not want to work with directly. For MY name to be given to ALL new prospects would be an invasion of my privacy! I currently ALWAYS help new prospects to get acquainted with other business owners as soon as they can...even before they register. In fact, this is part of the long process I use to help people decide if this business is for them or not. LITIGATION LISTS: This information is already public information to those who want and need it. To require this would be overwhelming and confusing to the general public. The extent and to those it is to include is unclear and too broad. This would be unnecesary and cumbersome for the general public. Our business would be greatly hindered due to the load of information this would require they get that would be mostly not relavent to their business. EARNINGS DISCLOSURES; Our business material and my presentation already provides general (and we state it so) earnings disclosures that we explain clearly. A addition of more would come across as even a guarentee of income, I feel. Since we can't and don't give guarentees of income, more information could give that impression. Income is dependant on the activity of the business owner, not what others have done or a generic set of examples, not matter how detailed they may be. FINANCIAL SUBSTANTIATION; No one in the main stream of life would appreciate having a copy of all their pay checks publicized. I would not appreciate that to be required of me in my business either. I do have a copy of a bonus check I often show people to verify that I do get an income from my Quixtar business. But generally I feel that information is a privacy issue. To require me to publicize my monthly income from my Quixtar business would be very unfair to my privacy. Thanks for your effort to create regulations to keep our industry legal and on the right track. David Knapp