Comment Number: 522418-07435
Received: 7/10/2006 8:43:30 PM
Organization: Quixtar
Commenter: Matthew Parker
State: OH
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I run a traditional business, and i run quixtar business on the side, i do not see how these rules are set up to benefit the IBO, while i applaud the effort to get rid of the bogus companies, or scams, i dont agree that it has to effect the legitimate companies like quixtar who have thousands of people who are making money and looking to make money with the opportunity, the rule to give 10 references is out there, not only does it infringe on my rights or those whose information i would hand out, but my potential prospect could be signed up by anyone they talk too, i also dont agree with the 7 day waiting period, what benefit does that have, except for slowing down growth in my business, a person can make an informed decision on their own and doesnt have to be registered for up to 7 days after they have seen our business overview, however regulations on that? i dont think so, what is next, when a car salesman makes a sale, he has to officially wait 7 days to sign the contract with the people before they can get their car? doesnt make sense, we give our prospects all the info they need, i dont want or try to trick, deceive, or mislead people into getting into my business, quixtar 1st off doesnt pay us to sign people up, i can see for the business that are profiting just signing a person up, but that is a pyramid, but also, if i tricked, deceived, or mislead a person into our business opportunity, and they found out, and they will find out, just a matter of time, then they quit or cause chaos in my business with my other people in my business, its no good, its more harmful to do that to my business then it is to just be straight up and give them websites to go to, so they can make an educated decision for themselves about the opportunity, im looking for IBOs, not to run a daycare, i want people who want to be in this for themselves, and want to run with it, not people i mislead or deceived who begrudge me registering them? doesnt make sense at all, i know quixtar and our people are doing things the right way with that, and we should not be penalized with a 7 day waiting period, especially since we offer a prospects money back for up to 6 mos and let them know that at the meeting........ having to show cases against quixtar even if they had no merit is wrong too........... and to have to show my personal income is wrong and not a correct way to handle these things, i am a traditional business owner, i know, just like quixtar teaches, it takes time to build a profitable business, time and effort, people go to college for 4 yrs and make no money at all until they get out, and most cant find decent jobs theses days and are just making 30k a year to start and never getting above 60k to retirement............so why should colleges be required to show that you spend 100k + on most educations to get out and make 30K a yr after 4-5 yrs of making nothing..........cause when you look at it that way, it doesnt seem so great, but people attend college bc. of the dream to have a better life, same with people in our business, just like it wouldnt benefit colleges to show the stats above, it wouldnt benefit those ibos and the ibos that we are prospecting to show income.........many times people enter our business without the business mindset, but once they join, they develop that mindset and realize building a business takes work.........these same people who would see the ibo that is trying to register them is only making 25.00 a month his 1st couple months wouldnt think twice about the opportunity until they were educated about business............continue to state what the avg IBO makes and thats it........the idea of this business is the mentorship and opportunity, you take the opportunity away and make it hard on an ibo when they have to disclose financial info, we are chasing our dreams and helping others to reach theirs and the dream is sometimes far ahead of the finances in the beginning...but it does catch up if you stick with it!