| Comment Number: | 522418-12766 |
| Received: | 7/17/2006 11:58:03 PM |
| Organization: | |
| Commenter: | Keith McDonald |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern: I am a Quixtar IBO and love the business. It has changed my life for the better. I have been and IBO for about three years and have enjoyed every minute of it. When I initially looked at the business my sponsor showed me our business plan and answered all of my questions. I was also provided with an informational packet, CD’S, websites and business meetings. I received more that enough information. This is my procedure as well for prospects who are interested in the Quixtar business. Prospects register from anywhere around fifty dollars to one hundred and fifty dollars depending on how they want to start their business. We have a six month one hundred percent money back guarantee as should the industry. The Requirement of a seven-day waiting period: Crooks are not going to abide by a seven-day waiting period just like crooks in the construction business will not abide by laws. This will only cripple the upright business owners and businesses. Please do not punish all of the upright businesses for the neglect of a few. This should not apply to those who have a six month, one hundred percent money back guarantee. If we have the one hundred percent money back guarantee there is no need for the seven day waiting period. The requirement to provide references: A crook would provide bogus references and not comply. The upright IBO’S would be punished. I do not want my private information going out to hundreds or thousands of people I do not know. This is a violation of my privacy and I do not want people calling me day and night seven days a week. One of the references could register my prospect and this would not be fair. We have weekly informational meetings where prospects can meet other IBO’S and learn about their experiences. The requirement to provide a “litigation list: The proposal does not cover what a "seller" is. Do you mean Quixtar, the whole force all over the nation or my individual business? I have no challenges in my three years in the business. If I have to pass out lawsuits pertaining to the whole force this will hurt my business and is not fair. At any rate having to pass out records of frivolous law suits will hurt any business while crooks will not comply anyway. A check with the Better Business Bureau would give one a better picture of a business. The Requirement for specific earnings disclosures: This is inappropriate. It is professional to provide what the industry pays not what an individual makes. We provide information, made available to us by the company that shows the average monthly gross income of all active business owners as per our rules. Additionally, we provide a description of how income is made and that all income is volume based. Goods and services must move for there to be income. There can be too much information and can inhibit a persons ability to make a decision. Therefore, additional disclosures while appearing to assist may only add confusion to the process. Requiring financial substantiation: Their attention should be to determine the financial goals they wish to attain, identify the work needed, the time required and we will help them. We also would never asking them for a financial statement or records to substantiate their income. It is income they earned and is no business of ours. Please do not create rules for the few when almost all operate honestly and above board. Sincerely, Keith McDonald Quixtar IBO