| Comment Number: | 522418-09908 |
| Received: | 7/15/2006 1:16:43 PM |
| Organization: | |
| Commenter: | Heywood |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I have been an IBO with the Quixtar Company for two years and I find the opportunity absolutely incredible. I have been able to build a business in my non-productive time and have been able to more easily satisfy my monthly needs. This opportunity is not a “get rich quick idea” it is a two to five year plan of following a system of success that could lead to your financial freedom, if and only if you put in the consistent work to make that happen. When I help others in my network of business start their own online business through this opportunity, I also make this premise very clear. There is no guarantee to success like anything else in life. You have to put in the work to make it a success. I also make that very clear to my prospects. The registration cost is absolutely ridiculously low given the cost to start a small business today. There are a few options of choice for someone to get registered. The one I most use covers business insurance, sample products (which can be returned with full money back guarantee), and publications and other educational material. This all comes to less than $180 (including tax and shipping). A mandatory seven day wait period for someone to get registered in a business opportunity is absolutely ridiculous. That would vastly hinder the progress of the person getting in business, who is ready to do so. That would not be profitable. It would be too much of a hassle to monitor whose seven day period is up given the number of prospects that I meet per month. When someone decides to get in business with me, I give them all the necessary information and references that would bring credibility to what I do. For example, they would be referred to the Quixtar site, the Better Business Bureau, the Federal Trade Commission, the Online Retailer ratings, the U.S. Chamber of Commerce and many other sources of information (literature packs, cds, dvds, etc). After they would have checked all these sources and seen the facts, and made a personal decision (yes or no)….what need is there for further wasting of time? To provide litigation lists is also senseless. Who want to listen and read a bunch of junk from non-reportable sources that only have a right to voice their opinions that often have no facts? It would be allot of useless “blog”. Why not check with the correct sources. Who check to see the lawsuits against a brand name company before buying an item? How stupid would that be? They should check the hundreds of million dollar companies that we do business with and find out why they would do such a thing, instead of listening to someone unbaked opinion. The additional detail of requirement for specific earnings disclosure is not necessary after the income potential is shown with detail calculations. Prospects are told the average earning of an IBO according to the company and they can determine if they want to be average or earn much more with the relevant work necessarily applied. No one needs to know my personal income. It’s not their business for security reasons and others. What I do also has nothing to do with what they can do. It is all performance based. If I take 10 years to get the B.S what does that have to do with someone else doing it in 3 years or vise versa? I would however disclose the impact the opportunity has had on my personal ability to handle my financial responsibilities without telling them exact figures. They would figure form that that my business is profitable and growing however slowly or quickly. They make their own determination as to what they are cable of given the simplicity of the concept and the income potential it could provide with the necessary work provided to produce such.