| Comment Number: | 522418-11547 |
| Received: | 7/17/2006 1:09:10 PM |
| Organization: | Quixtar |
| Commenter: | Bharrat Balgobin |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern My wife and I have been IBOs for the last 4 years. My current level is a Platinum IBO. We are working on our next goal which is at the Emerald level. The Quixtar business opportunity has completely changed our lives. I am now a better American and person because of the values I've learned through the business associations. We are more committed to each other now as we together on achieving our goals. When we saw the business opportunity we were presented with a "literature pack" that explained the business completely. My wife and I made the decisions to become IBOs at that time. Since the, after being in the business for the last 4 years I have come to realize that the info that was provided to me was more than enough to make a complete decision to get started. When others get into our business the same info is provided to them and we also stated that this business takes work and it's not an "quick rich scheme". They are also informed it take approximately $300 to get started and that 100% of the money is refundable if they decide not to build the business. When some enters our business we are starting a life long relationship with that person. That is one of the main reason that if the business is misrepresented trust would be lost with that porspect when they get into the business as they will find out for themselves what it takes. After seeing the business plan they are invited to a PASE (product and System Education) where they can meet other IBOs and learn more about the business. My thoughts on the proposed rule is as follows. Having a prospect wait seven days to register as an IBO when they have to option to cancel the registration if not satisfied really doen't help the person make a better decision. Giving out the contact info for other IBOs would be creating more of a compromising situation. It will take away from from the honesty of the business and from the person doing the work. The porspect can easily get registered with other IBOs. It will also compromise IBOs privacy. To require disclosure of past litigations would be unnecessary when anyone can make false claims against companies and create a situations when prospects would be misinformed. If we are to disclose average income then we should ne required to dislcose income at every level of the business for "active" IBO. From all levels leading up to the Diamond and beyond level. Income in our business is based on the work we do. Providing personal financial info should be on hand but provided when required by governing bodies. The bottom line is this, the prospects can make very intelligent decisions based on the info provided already and they have access to governing bodies such as the Better Business Borough. If we are to wait seven days to sponsor someone and that prospect has to wait seven days to sponsor some it would hurt our business as when we help someone succeed then we in turn succeed. If some wants to see if the business works then we help them sponsor people and in no way misleading them because as I said before we are starting a long term relationship. The people in our business are family to me and my wife and I'm sure that all other IBOs feel the same way as that's the way we have always built out business. I cannot see where the new rule will help us build our business in a more efficient and honest manner. If any, I believe it will creat situations where people can hurt others and we are helping them do so.