|Received:||7/17/2006 11:36:36 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Problem 1: Prospects would have to wait seven days after receiving disclosures before they could register. I have been an IBO with Quixtar/Alticor business for over 9 years and I believe it's the best business opportunity in the world and I am building the business with passion to achieve our dreams and goals. When I was first exposed to the business plan my sponsors first explaned the business plan in very simple, understandable and detailed manner. Then I was invited to weekly open opportunity meeting in the local area where I saw the business plan once more and got better understanding about the opportunity. At the meeting I also had a chance to meet and talk to a large group of people in the local area who were buliding the business and get their perspective. After that my sponsor provided us a literature pack with more information along with few tapes and asked us to study the literature and listen to tapes before we make informed decision. After, going to whole information receiving process we really got excited about the opportunity and decided on our own to start the business. At no point in time we ever felt presurred to get started. Now, we follow exact same process when we expose the business to our prospects. The opportunity to start the business few years back with optional startup tools was about $250, which is also backed by 100% money back gaurantee within 90 days. We realised that we had nothing to loose and everything to gain. I feel after looking back at our decision to get stared within few days of first getting exposed to the opportuinity was a wise decision on our part. If we would have taken longer time to make a decision to start the business we would have checked with informed sources like our friends and neighbors, who now I know has incorrect/uninformed knowledge of Direct Sell companies and generally these kind of people are dream stealers more than encourager. Moreover, a human being looses 80% of information within 72 hours. So, any period longer than 3 days from the first exposure of information is based on lesser information. Additional, if prospects spend more time in making decision they loose excitement and information and speak to uninformed sources and tend to make incorrect decision based on people they speak to. The provision of waiting for seven days is definitely harmful to our business and would affect the growth and profit. This should not be imposed on legitmate opportunities like Quixtar business, which provides 100% money back gaurantee, that too on a small startup cost of about $200 (including optional product kit) Problem 2: You would be required to give every prospect a list of "references" – the names, addresses, and phone numbers of 10 other IBOs in the area – seven days before the prospect registers The problem with this clause is if we provide such a list, the prospect may get to know all these people adn may come back and decide to start the business with one of the references as he could be misguided by these references saying "I have more success thatn the person who introduced you to the business". This may create an unethical competetion amongst all IBOs and unfriendly business environment. This clause also has an issue with individual privacy. Personally, I would not like to be called several times a day/week by several people to know more about the opprotunity and get myself and my family exposed to all kinds of people. When we share our business, in the second step we invite our prospect to a weekly opportunity meeting where they get to meet the local business team and interact with all kinds of people in the area building the busienss and get thier perspective of the opportunity. I believe this provision is definitely inappropriate especially for legitmate opportunities like Quixtar business, which provides 00% money back gaurantee, that too on a small startup cost of about $200 (including optional product kit).