| Comment Number: | 522418-09374 |
| Received: | 7/14/2006 1:10:37 PM |
| Organization: | Winters Marketing |
| Commenter: | Joe Durham |
| State: | GA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We have been involved with the Quixtar company for about 1 1/2 years now, and we feel that the proposed regulations that are being considered would be a disadvantage to our business as well as other independent businesses across the United States and Canada. When we first saw the business model we were both very excited about the opportunity that we had been prestented with. We were given more information than we needed to make a sound, educated decision, and we were also given a 2-3 day time frame to allow all the information to sink in and come up with our decision. Now that we are on the flip side of the coin and we are sponsoring people onto our business team, we have always done things the same way that they were done for us. We provide ample information, and allow enough of a time frame for the new prospect to take in the information and make an educated decision. We are also sure to inform our prospect on more than one occasion that this is not a "get rich quick" type of business. They will have to put in some effort and if they "listen & follow the game plan" then they will see some success. However, we are also sure to inform them that there are no guarantee's in this business. We teach them that through examples of our own experience, as well as examples that are shown in everyday living. Our prospects are also encouraged to know that their initial investment is approximately $175 to get registered which includes registration and a sample of "exclusive" products. All of which is completely refundable within 60-90 days. We have found that this feature sets our prospect at ease to know that if they did have a change of heart that they first of all, weren't spending an enormous amount of money, and secondly that it was all completely refundable. We feel that this adds all the credibility to our company that is necessary. In regards to the requirement to provide references for a new prospect, it has been my experience that when we have a new prospect come out and take a look at our business opportunity, that he/she has seen enough credibility and has been provided with enough information to be able to make an educated decision. We don't feel that there would be any advantage to providing a list of 10 other IBO's in the area for them to contact. We think that instead of instilling seeds of credibility, it would rather plant seeds of doubt in the prospects mind about our organization. Also, with reference to the 7 day waiting period, we feel that the waiting period for a new prospect should not be regulated by a time frame. Prospects are never "strong armed" into signing up with our organization, so there is no need to restrict the time frame in which they can become a part of the business team. Some prospects want to sign up the night they see our business model and others want to let the information sink in. Putting a regulated waiting period on registration will only deter the ambitious prospect from succeeding at a faster pace. Thank you for your time and we hope that the restrictions and regulations that are being considered are carefully thought out through the eyes of a first time business owner.