|Received:||7/17/2006 6:36:43 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO with Quixtar since their inception in September 1999. So far this has been a great opportunity for me as well as my family. Working the business together with my wife has created a better relationship between us, also having our kids involved at business events has given them a vision of what they want to do in future. This opportunity gives you a sense of security that no JOB can provide today. When we saw this opportunity we were very clearly told that this is not a "get rich quick" business and even though the income can be very substantial it does require a great deal of consistent work for the first few years, of course the income is not guaranteed in any way like in any other business opportunity. To make any business a success it depends on your work ethics. All our questions were answered by our sponsor and we felt very comfortable getting started in this business. We do the same when we get any new person started by showing them the business opportunity, telling them what it takes to be successful and answering all of their questions and concerns. There are no false promises or hopes given to a prospect. To get started in this business it takes about $125 for registration and also you get about $60 worth of products to use. This comes with a money back guarantee and anyb new IBO can cancel their membership with full refund of registration cost and also on the products they return hence there is nothing to loose for anybody to get started in this business. Re your proposed rule - -7 day waiting period does not make sense as when a person sees the opportunity they are very excited about the income potential as well as they are eager to get their questions answered. Once satisfied they are more than eager to get started in this business - if they are asked to wait for 7 days after that it will demoralize them and they will loose their enthusiasm. There is no benefit for anybody to wait for 7 days to get started, moreover they have nothing to loose incase they change their mind later as they can get a full refund. -Providing a list of local IBO's - when we share the opportunity we also make them meet some of the IBO's in the business who they can speak to. What is the purpose of this list which we do not have access to. This will only confuse them more. -Litigation list - this is like asking Wal-Mart or Amazon to post all their litigation at the store entrance or the 1st page of their website before anybody can shop at their business. Litigation list consist of many unnecessary claims and there is no benefit to anybody. Do you realize the amount of information each IBO will have to keep in daily basis to comply? This is absolutely ridiculous. -Requirement for specific earnings disclosures: When we share the business opportunity we give them the profit potential and also give them an average IBO's income. If they have any specific questions re income we always give them the correct answer. Moreover one IBO's income has got nothing to do with how much they can make thru this opportunity. Each person can create an income based on their work ethic and how much time they are willing to put in this opportunity.