| Comment Number: | 522418-12428 |
| Received: | 7/17/2006 9:39:47 PM |
| Organization: | Quixtar |
| Commenter: | Derrick Ghrael |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hello, I have been involved with Quixtar for roughly 3 years and I am thrilled that such a business opportunity exists. I have already reached the top of the performance bonus schedule which was illustrated to me in detail when I first was introduced to the business. My next goal is to help others reach that same level of succes. The business has proven priceless to my family because it allowed my wife to stay home from work and raise our children. When I first saw the business opportunity, for me it immediately made sense. Everything was discussed in great detail and I was impressed by fact that it only cost me $126 to start (which included many sample produts). I had seen other opportunities which cost several hundreds of dollars to start so this was a major advantage. During the presentation, I had all the information necessary for me to make a quality decision. I also trusted the person that shared the concept with me. That decision was backed up with action with the help of my sponsors and because of that, I was able to learn the business while actually building it. This has proven of great value because I was able to take action immediately when my enthusiasm was high. You see, because of my enthusiasm along with the help of my mentors, I was able to achieve success early on. Dont get me wrong, it took work, but I was excited about the work. When I share this opportunity with others, I inform them up front that this is not a get rich quick business and that it will take work. By allowing them to get started as soon as they are ready on in my opionion gives them a unique advantage. Introducing a delay would impact that in a major way and takes away from the value our business offers. Regarding the requirement to furnish a list of references in the area, most people when first starting out do not know of any other IBO's in the area to begin with. This rule would have immediately stopped my business because when I first started, it was just me. This rule would prohibit opportunity for entreprneurs to get started in new areas. This ruling also invades others privacy. Regarding the rule for Litigation List....this ruling in my opinion has no merit. I own and operate my own business and I have never been involved in litigation. I think about the many jobs I have taken in my life and none of the corporate entities were required to provide me a litigation list. This is why this ruling doesnt make sense to me. Lastly, in regards to disclosing finacial earnings... I dont believe its necessary for an IBO to have to share his past or current earnings with quixtar. We do share with the prospect what the average monthly income of all Active IBO's was (which by the way is printed on all of our literature that we give the prospect). But that income is no indication of whats possible. I personally made more than the average IBO in my third month in business and I share with prospects exactly what the business has valued my family. I feel that having to disclose exact figures would impact the opportunity, especially for new IBO's who havent earned anything yet. In closing, I personally feel that this is the greatest opporutnity for a person to create additional income for themselves. It has a low entry fee and there are no stipulations that mandate you do anything that you do not want to. This is business ownership and its perfect for those that want to be in business for themselves. While I totally agree with combating fraud in this industry, I do not feel that the recommendations being presented accurately do that. They unfortunatley impact the honest and legitimate one. Regards Derrick Ghrael