|Received:||7/17/2006 8:30:53 PM|
|Organization:||Leadership Team Development - Larry Winters|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Upon seeing the business opportunity, we were told that this business is not get rich quick and that it would take hard work. We make a point of emphasizing that to all prospects. Our business has grown in direct porportion to the work we have put in. I am specifically writing concerning the proposal to give the names and personal information of 10 IBO's in my area to a new prospect. Since our businesses are not territorial, the IBO's contacted could be from many different lines of sponsorship and would be advising my prospect on business practices that vary from group to group. Also, you can't guarantee that an IBO will be knowledgeable enough about the business to answer the prospects questions. The possiblity of poaching is another concern. The other IBO's could use this contact as a way to lead the prospect into their line of sponsorship. The other issue with this is privacy. Some IBO's wouldn't want their contact information given out by anyone but themselves. The last issue with this is relationships. What if the IBO contacted doesn't get along with particular IBO that referred the prospect. We can't guarantee that their won't be bias because of past relationships. I also take issue with the 7 day waiting period. Quixtar offers a 100% Money Back Guarantee. The new IBO can get their money back if they decide to quit by the 7th day. But consider the new IBO that is ready to get going fast. This 7 day waiting period will slow down the progress of fast growing businesses. The 7 day waiting period could be valuable time lost and could cost the new Business Owner future business. While they are waiting to get registered and start sponsoring, someone else can already be contacting their family and friends and putting them in another business. This would be a big loss for the new IBO. Please consider my thoughts and eliminate the proposal for the 7 day waiting period and the 10 referrals.