|Received:||7/16/2006 10:16:11 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:We have been an IBO for 5 years. This business has opened up many opportunities for us that would not be possible otherwise. It has provided additional income and personal development along with much improved quality time with our family. We were given the IBO plan that fully discloses all terms, performance schedule, business materials, average gross income, business incentives, and a glossary of terms. This is always provided to all potential candidates who are also strongly encouraged to ask for more information until all their questions and concerns are answered to their satisfaction. All prospects learn that this is not a "get rich quick" plan. They also get all their registration costs back if they decide the business is not right for them. That is guaranteed. The seven day requirement is unnecessary because of the fact that they can have their total investment returned if they change their mind and this should be the way it is done. The seven day waiting period also gives a negative impression that there is something wrong with the business and they have not been able to find it. In the long run this will hurt the potential entrepreneur by scaring him from realizing his full potential. A seven day waiting period would be worthless in light of the full money back guarantee that we have. Concerning the issue of providing a list of local IBOs to prospects I feel it is a total infringment on the privacy if the IBOs involved and would deter a prospective IBO if they felt people would be inquiring about their personal business. The prospective IBO has every opportunity to meet with the team of local IBOs at monthly/or bi monthly informational meetings which they are encouraged to attend. This would eliminate the need for ten references. I know of no other product, company, or government agency that requires ten refrences for every inquiry made to them. The idea of the rule of providing a litigation list disclosure document seems incredulous in this law suit happy country. All successful businesses and people are sued with and with out merit. I believe the ruling would be meaningless and would not give any additional, worthwhile information regarding the quality of the business opportunity. If all business were run based on the Quixtar model there would not be any problems with fraud or deception in our industry.