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Is Vector Marketing a scam?
June 30, 2009 on 8:13 am | By advertising | In marketing |Sketchy Website: http://www.vectormarketing.com/salesFaq.php
I have an interview tomorrow at 12.
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I went to their interview a few years ago. It’s a big group interview. They take interest in the most aggressive and promising candidates (based on your pre-interview survey) and make them a job offer. The idea is that you sell knives to your friends and family. They pay you for each sales meeting you setup with your friends and family…then your friends and family are expected to get you in touch with their friends/family and so on. You get paid something like $12 per sales meeting you have (based on the honor system) and get a commission on your sales.
It’s not really a scam per se…but its not a good job for everybody.
Comment by mukwonago53149 — June 30, 2009 #
Vector marketing is not a scam. It is selling cutco knives. I was 18 when I worked selling cutco, and I made about $2000 that summer. 7 years later, I still remember the sales training they gave me and find it valuable. They charge you for your mandatory selling kit of knives, which if I remember correctly was around $300. They push you to work hard, and the hourly rate they give you is pretty bogus because you either have to take the commission OR the hourly rate, they don’t allow you to have both. So if you make a few sales the hourly rate doesn’t mean anything. It’s definitely high pressure sales, so don’t get into it if you don’t feel comfortable bugging other people for money.
Comment by Jarrod T — June 30, 2009 #
Yes and No.
Although theoretically one can make a lot of money selling cutco knives, Vector marketing is a scam in the sense that a huge number of the kids they employ are totally ill-equipped to make the kind of sales necessary to justify working for them in the first place. MANY employees end up buying knives themselves and selling knives to their friends and family before they realize they can’t find any customers and references to justify continuing with the company. Then they feel totally foolish.
In my opinion, you shouldn’t work for cutco UNLESS:
a) you have a car to travel around in. Most of the people who would buy cutco knives live in the suburbs and make enormous amounts of money.
b) you have a sizeable pool of family friends who have 2.5 kids, decent jobs, and (most importantly) loads of other friends whom they can refer you to. It’s once you get beyond your immediate contacts that you can branch off and become a good salesperson for cutco.
Hope this helps. For the record, my younger brother worked for cutco, and ended up going nowhere with it.
Comment by Arsalan — June 30, 2009 #
They hire 100% of all people who apply. That is your first tip-off. You are selling $700 sets of knives door-to-door. That was hard in the good times. Now it is impossible. A similar set of knives costs $90 in the store.
Vector makes every salesman pay $143 for a set of "demo" knives. This is the heart of the scam. They hire thousands of workers and sell them each a demo set. This is enuf profit to keep the business going. They make money on their own salesmen.
Vector is not a good company to work for.
Comment by Ed Atun — June 30, 2009 #
Anyone who conducts a search at google.com for "vector marketing" scam, will bring up some 60,000 search results which simply state: "It’s a scam!"
Good luck!
Comment by VicSEO — June 30, 2009 #