| Comment Number: | 522418-09233 |
| Received: | 7/14/2006 4:20:16 AM |
| Organization: | World Wide E-Commerce |
| Commenter: | Joshua Gill |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO for nearly 8 months now and I must say that I have never been a part of any program that haa built as much positive character in me in my life. I am more spiritual, fearless to approaching individuals, more secure and self-confident, and smarter because of the practices of Quixtar and it's leading IBO's. My plans with being a Quixtar IBO is to gather enough income to provide starting capital for my already haulted business plans to build a real estate investing company and a college for entrepreneurs by the year 2010. In a sense I will be creating more jobs, hence, more tax payers for the economy with my business goals because of the quixtar business opportunity I took advantage of. When I seen the plan of the IBO opportunity, I was given information from credible sources, one of such was a printout from the Internet Retailer Magazine and fromt he Better Business Bureau. It showed me how serious and credible the business was. Having individuals wait seven days is rediculous as an IBO because it is already hard for us to obtain new prospects because we have to prove that we are not a pyramid scheme. In fact we are a multi-level marketing business. It would put more strain on me as an IBO. I don't mind betting the odds and presenting credible and sufficient information about the opportunity to prospective prospect I approach at their request-that's what business is all about-but to have to wait is irrational. Especially if they are ready to take advantage and start building right away after covering credible information about Quixtar and its IBO opportunity. Not to mention, if they are not satisfied, prospect can get all of their money back from fees (Typically which is ~$144). If I were to provide a list of other IBO's to contact then those other IBO's could convince the prospect to register with them instead of me when I was the one who introduced the business to them and spent time with them. It's like handing my prospect over to somebody else. That is not fair. Let alone another IBO giving my name and address out to someone I've never met before is obsurd and an infringement of my privacy expecially if my home phone number is unlisted. As far as the specific earnings disclosure is concerned, I always let the prospect know that the income potential that IBO's can make is an average earning potential and that sucess is never guaranteed in this business just like any other business, legal free enterprise, or any other verture capitalistic business practice or activity. In conclusion, I do qgree with the FTC rule opposing fraudulent activity of pyramid schemes and "get rich quick" schemes as well. I do approve of the FTC wanting these business to provide information about Quixtar for I am happy to provide the facts and success stories of IBO's for I am proud to be apart of those statical facts. But I do not wish for the FTC to regulate as far as the issues I have addressed in this submitted comment Thank You, Joshua Gill Independent Business Owner Quixtar