| Comment Number: | 522418-09265 |
| Received: | 7/14/2006 9:14:08 AM |
| Organization: | Quixtar |
| Commenter: | James and Pat Hopper |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am very concerned about the latest proposal. We were IBO's with Amway, and are currently IBO's with Quixtar. We have not only met financial goals, but the business has other benefits as well. The wonderful people that we're associated with, the positive outlook, being business owners, and being able to offer people hope are very important to us. Quixtar fits into our lifestyle because it is flexible, and we're in control of our success. We provide full disclosure and an average income for IBO's when we're sharing the business and when we register someone new. We tell each potential IBO that they will have to work hard, there are no guarantees except on the products, and explain why it's not a "get rich quick" plan. Propects spend about $125.00 when registering which includes products and registration. All of that money is refundable if they decide to leave the business within a specified time. When people are ready to register, it's because they have the full picture, and they shouldn't be expected to wait 7 days because within 7 days they could already be making money with clients. If everyone had to wait 7 days to register, it would definitely slow down the business and impede IBO's income potential. People would get discouraged because I don't know of any business that makes you wait a certain time period before you can begin or be hired at a store-front business. Giving a list of IBO's to potential business owners would be an invasion of privacy, and people would balk at that idea. New IBO's are able to meet others in our group by potlucks, picnics, seminars, and are encouraged frequently by phone calls, emails, and newsletters. There's sufficient information about Quixtar on the web that any potential IBO can obtain without another law being passed. The specific earnings disclosures requirement is already covered with the SA4400. IBO's should be able to run their independent business under the rules of Quixtar sufficiently without more red tape. Opening up individual financial records would invade privacy, and I believe as Americans we should have that privacy protected. Quixtar has covered all of the income explanation with the SA4400. Thank you, James and Pat Hopper