| Comment Number: | 522418-06617 |
| Received: | 7/6/2006 9:44:06 PM |
| Organization: | |
| Commenter: | ELIZABETH OLVERA |
| State: | AZ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My name is Elizabeth Olvera and I have been an IBO over 3 years. I am currently at a level in my business where my future goals seem more attainable. My next goal as an IBO is to reach the Platinum level. I can truly say that being a part of the Quixtar business has become a daily activity for me and my family. Through this business opportunity I have learned how to become a business owner and grow within myself. I have also been able to find a solution to my financial needs that I know no other company can give me. I have been working full time for a Fortune 500 company in Arizona for the past 6 years. Despite my time with this company I feel that the Quixtar opportunity holds a better future for my family and me. The Quixtar business offers so much to every IBO that money cannot buy. Through my venture with this business opportunity I have developed characteristics that other companies would love to implement. When I first registered as an IBO I was fully aware of the class of business I was involving myself with. I also fully understood the minimum expectations from me to be successful in my business. I feel that the Quixtar business is very good about providing proper information to all IBO's about any questions or concerns regarding the business. I also feel that with the help of a partner company BWW we are able to receive proper education on a daily basis; which is not normally given to even traditional business owners. Every new IBO introduced to the business is provided with the same information, along with the same equal training, and furthermore are informed immediately that this is not a get-rich-quick scheme. In order for any IBO to succeed in this wonderful Quixtar business each IBO has to assist any new business owners in helping them reach their success. Each IBO has a $150 fee that is charged as a first time registration fee. This fee is fully refundable to the IBO if they feel this opportunity was will not work form them. Overall I feel that the Quixtar business is a great opportunity to any individual seeking to make additional money on their spare time. I can see the new proposal affecting my business along with many other IBO's. I work with many entrepreneurs in the area and have personally found that every day for them is very valuable. The proposal to allow any new IBO’s to join only after 7 business days can affect not only the current owner, but the new upcoming IBO. I personally feel that the proposal to provide a list of names of other IBO's along with their address and phone number is a violation of individual privacy. Each new IBO is always introduced to a myriad of IBO's who attend the local meetings set up to provide further information. I feel this should suffice for the information they would obtain from these references. Each IBO has the capability to communicate with all IBO's at any of the meetings. To the defense of the Quixtar business I feel that they do an exceptional job to provide any new individual inquiring about the business with the substantial information required. Asking IBO's to provide 10 years worth of litigations, specific earnings disclosures, and financial substations seems far fetched to me. When I applied at my place of employment I was not given this information, and I was able to determine the legitimacy of the company only after being employed. I feel that as individuals it is up to us to be able to determine through common sense and our personal research what we are involving ourselves in. Overall I feel that the proposals that you are proposing are highly extreme and will take a huge affect on all new and current IBO's. Still I can’t say I am entirely against everything. In fact, I support of the position that every prospect should have the information needed to make an informed decision, but against specific provisions of the FTC proposal that would penalize honest IBOs and cripple their sponsoring efforts.