| Comment Number: | 522418-12574 |
| Received: | 7/17/2006 10:57:31 PM |
| Organization: | |
| Commenter: | Sreenivas Sonikar |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Me and My wife have been an IBO with Quixtar.com for the last few years and have been extremely satisfied with the quality of the products and services provided to us. We have reached a level called Platinum IBO and my wife quit her Job in a Bank because of the opportunity provided by Quixtar.com. When we registered with Quixtar, we had enough information before we made a decision to become an IBO and when we sponsor others we give them same information and make them understand that this is not a get rich quick business and that there are no guarantees for success. IBOs in our network spend ~ $ 130 to register which includes $70 products. If they decide to leave, they get 100% money back. The 7 day waiting period would affect my business in a very negative way because they are several instances where we registered someone and they were able to expand their business with family on the same day and they in turn were able to do the same. Also the requirement to provide a list of local IBOs to a prospect is going to affect my business and theirs (the prospects business) in a negative way as the local IBOs may not have any benefit of the prospect being in my business and would not give correct information. The requirement to provide my personal financial records to substantiate my Quixtar income is like asking someone’s personal financial information. Would you ask for it ? Also, when we share the opportunity with others, we do not give any personal claims or what we made last month or last year. We only tell them what they can expect to make at any particular level and offer our help in reaching that level.