| Comment Number: | 522418-12209 |
| Received: | 7/17/2006 7:12:08 PM |
| Organization: | Perkins Enterprises |
| Commenter: | Patricia K. Perkins |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I've been in business since 1981 and had cash flow since I began. I'm now ready to take my business to a new level. The excellent relationship I have with my husband and the excellent relationships I'm experiencing with my friends largely come from building this business. This business is a very important part of my life. Before registeration I received ample information to help me make a quality decision. I provide the same quality information to prospects today before they register. When giving the business plan, I make sure they know that it requires work to succeed and that their success will be determined by their willingness to learn and grow business teams. The registration fee in my business is $125 which includes an optional product pack. I let them know there is a 180 day money back guarantee. Most of the people I register, register within 2 to 7 days after first seeing the plan. During this time I'm providing them with additional Quixtar (products and business) follow-up information to help them make a quality decision. Once the prospect has made a decision to join, they want to activate into the business immediately. Another 7 day delay would often cause the new prospect to never take action of any kind. This would negatively affect the profitability of both the prospect and me. While going through the process of giving a new prospect the information they need to make a quality decision to register, building trust between the prospect and me is absolutely vital. If I were required to provide a list of local IBO’s to contact before they decided to register, that trust might be eroded due to misinformation. This could cause my prospect to look at other network marketing systems to be registered. It would only serve to create confusion for him and everyone else he's talking to. I always invite my new prospect to meet the other players on my team at either local or online workshops which we provide every week. This provides a very healthy atmosphere for the new prospect to learn about and meet the people that will be helping them to build their business team. I really don't want to let my name, address and phone number be made available to other prospects. In my opinion this would definitely be a violation of privacy. My key prospects are usually people who have been employees most of their life and don't possess a great deal of business skills or understanding of business processes. Our training system helps people to develop their business skills and a better understanding of our business world. Providing the new prospect with a litigation list could prove frightening and very disruptive. In my opinion the excellent track record and performance of Quixtar is what needs to be examined and appreciated by the new prospect. During the plan I provide average incomes of IBO's which Quixtar provides. In my opinion this is adequate. This provides a reference for the new prospect to evaluate the financial benefits which are available. To be required to provide separate and individual disclosures would create confusion because every individual situation is different and private. I do not disclose my personal income in my Quixtar business to anyone, nor did I disclose my income when I had a job. My personal finances are my business alone and quite frankly are no one else's business. I would rather have people look at my quality of life and how I treat others as their measure in this area. People come into our business with a wide range of personal and business skills ranging from very low to very high. When they have a high personal and business skills based from previous experiences, they tend to earn more income in our business in the early stages. Those with lower personal and business skills find that they need more personal and business development and training before their income begins to grow. Financial measurement is not always the best measurement of value.