| Comment Number: | 522418-12097 |
| Received: | 7/17/2006 6:19:52 PM |
| Organization: | QUIXTAR |
| Commenter: | AHMER AZAM |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We have been building our Quixtar business since September of 1999. We have reached a respectable level in the business and my wife is now a full time mother as we replaced her job income through our home based quixtar business. The business gives us all the benefits of a home based business with flexibility and low overheads so that we can spend time with the family, I can still focus on my career as a banker and help other people by providing them quality products, convenience shopping and also an opportunity so that they can be independent business owners like us. For us the low cost of entry, extremely low overheads and part time nature provided sufficient motivation to start the business and continue with it. When we joined the business, we were given an SA4400, which is a legal document covering the marketing plan. The same document now includes the average income statistics, which is $118 per IBO per month, way less that what we are making in this business. For me that was enough disclosure for us to start the business. We also relied heavily on the background of the owners of Quixtar and the fact that many of Fortune 500 companies are partner stores of Quixtar. We provide the same information to all our prospects as well. In addition, the fact that Quixtar provides 100% money back guarantee also adds to the credibility point. The plan is clearly not a get rich quick scheme and we ensure that the prospects understand that. If the prospects have to wait for 7 days, in my experience, I believe that they will lose the initial motivation. One of the key factors in running a successful quixtar business is to ensure that a follow up after seeing the plan is conducted within 48 hours as the information is still fresh in the mind of the prospect. Please note that the people who typically get involved in quixtar are not your traditional business owners or potential traditional business owners. If they were, then would have access to thousands of dollars that a typical traditional business would require, and as a banker, I know that starting a traditional business requires many weeks and sometimes many months.Most of the people who get involved in the business are not really looking for a business. But when they see the residual, part time and extremely low start up cost and overheads, they get motivated to start the business and the really motivated ones continue to actively build the business. Also, to make a decent income, a Platinum IBOship is supported by many distributors and a 7 day restriction would mean that the residual income that IBOs start receiving, would become an unachievable task, leading to the demise of the whole business. Asking for references from other people and other IBOs is also in my opinion not fair for IBOs who for instance are noy successful bankers like myself. Also it is infringement of personal info and who knows where such info ends up. Providing personal income disclosures is also in the same category. Provision of the marketing plan, which is FTC approved, plus the credibility of the Quixtar Corporation should be enough data for a quality decision. It was in our case and thousands of successful IBOs that I know. All companies have litigation cases against them. All companies who I have worked with have litigation against them. It is in normal course of business. And in cases where it is like Enron, the government is very quick is shutting such operations. Providing litigation cases against Quixtar and IBOs is not a normal business practice. We request you to reconsider your position and stop for these proposed rules from being enforced. Kind regards, Ahmer Azam