|Received:||7/17/2006 11:25:58 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I (we) have been IBO(s) for over 2 years and given our time commitment we reached the 4000PV level. Our goal is to be Platinum with structure by the end of the coming fiscal year. The business is more than just 'business'; it is actually a way of living. The business associates (more like friends/mentors) are an integral part of our lives. If this portion of our life were to be taken away from us, the positive impact we have on our lives and others along with what supports the growth of this character we have developed would have detrimental consequences. When I was registered the information provided was more than sufficient to make an 'educated' decision. As we have been taught by our mentors, while sponsoring new individuals we provide them with the same (and at times more information). They understand that work and time investment is involved by attending associations put together for prospects and by listening or watching profiles of successful IBOs. The initial start up is the registration fees of about $60 plus the introductory product package of approximately $150; all of which is refundable a 100% for the initial 6 months. The 7 day wait period would not only delay the process for the new IBO-to-be (and the sponsoring IBO) but also give them a chance to create doubt in their minds; it is human tendency to ask and inquire from different sources for information that could be misleading and lack credibiltiy. The 7 day waiting period can be detrimental to both the prospect and the IBO. The loss of business (i.e. potential income) being the primary factor to both the IBO and the prospect who would possibly even lose friends and family's interest. As there is a money back guarantee provided by the Quixtar opportunity for the first 6 months, the 7 day wait period would really serve no purpose. Having to provide IBO references to a prospect would cause confusion as to why this is a requirement. This would also cause doubt as to the authenticity of the opportunity. Besides, it would be a violation of privacy of others (and ours). A possibility of the prospect signing up with another IBO or being given wrong information is also an issue to keep in mind. A suggestion would be to provide the prospect the upline platinum’s reference. Either way prospects do attend local business associations where they have an oppotunity(ies) to meet more than 10 IBOs (and of there choice as well). Providing a complete litigation list would introduce doubt or skepticism into the prospects mind. Instead, maybe standard and mandatory information/facts about Quixtar can be provided (this is already being done in the form of a literature packet). Another thing to keep in mind is the questionability of merit of certain litigations. Being required to provide specific financials/earnings to prospects is also a violation of ones financial privacy. It is like having to provide a bank statement to a prospect that lists your savings, earnings, etc. Educating the prospect on the working of the marketing plan, the corporations facts and figures, the need to invest work/time/effort, and the rewards that are available should suffice. Currently while showing the marketing plan and explaining the concept, I share the earning structure as detailed in the literature packet. I also mention this literature is official and FTC approved. This literature contains information on the average earnings of an active IBO.