Vector Marketing Scam 2013
Since you are searching for Vector Marketing scam, I’m assuming that you got a flyer or got something in the mail for this job opportunity where you can make $17 an hour or however much it says on the flyer and you’re wondering if this is too good to be true. Let’s take a closer look at this “job” opportunity which is heavily marketed around summer time when students have a lot more free time.
Basically, you are not getting paid by the hour. You really get paid from how many kitchen products you sell. The dollar amount represents per appointment which can be 15 minutes or even several hours. This means that if you do 40 presentations and make less than the amount they are advertising that you would make, then they will give you the difference. The amount will vary from state to state. The commission you can make will normally be greater than the base pay as you do more presentations. Each presentation will be about an hour long so in way it’s sort of a per hour pay but not really.
You can do 20 presentations, stop, and never see a dime. Correction: Things have changed. You can make the base pay even if you do just 1 demo for the week and not sell anything. However, the demo must be done in front of “qualified” customers (married, full-time job, over 30, owns a house, have kids). This might vary from office to office.
Note: Different offices have different managers who run their business differently. I’m sure there are many managers who are completely honest and advertise the job as it really is while others might not. All of the horror stories you read online about Vector are most likely from people who happened to come across the bad apples of the company. Keep this in mind as you read the rest of the article.
The Hiring Process
So is Vector Marketing a scam? Well, in theory, no, it’s not. However, their marketing tactics can sometimes be a bit misleading depending on how the managers at certain offices are running their business. Most people go into an interview thinking this is a job where they will get paid by the hour only to find out that it’s really a commission sales job. Unless if you don’t speak English or come in dressed like a bum, you will probably get the second interview (group) and eventually a “job” offer.
You will then usually go through 3 days of unpaid training where you will be taught how to give the sales presentations. During the training, you will be asked to write down the names of everyone you know from friends, family, to neighbors. The reason for this is that these are the people you will be calling to set up appointments to do the presentation to.
After each presentation, you will then ask for referrals and eventually, you will be doing presentations to friends of friends. Since you can always say “so and so referred me to you”, you will still have that trust factor. Why else would anyone let you in when you’re holding a bag of knives? Flyers for Vector Marketing jobs can be found all over college campuses.
So why does this company sell these Cutco knives, the brand, and kitchen products this way? The reason is because the price of these products makes them extremely hard to sell at the store. When was the last time you even considered buying knives for this much? As you can see here, the prices aren’t cheap.
The quality is top notch though, or is it? Now because of the price tag, they rely on using you as a trust factor to sell to your friends and family. People will buy even if they really don’t want to just to support you.
Can I Make Money with Vector?
Now since you are searching for info on this company, this tells me that you are looking for a job. Can you make money selling knives? Yes, like with other sales jobs, if you’re good, you can make bank. By the way, you will also need to get a sample kit to do your presentations which will usually
require a deposit which is refundable. Looks like they recently took this deposit requirement out due to so many complaints over the years. You can now just borrow the sample kit.
Realize that this is a sales position where you will get paid based on how many products you sell. If you are looking for a sure way to make money and you just suck at sales, then you’re probably better off working at McDonald’s. The upside is that you will have a chance to improve your sales skills if that’s what you want and if you’re actually good at it, you can make a lot of money selling these knives, more than most of your friends your age. You will also learn a lot of personal development skills as well. Not all sales companies will take the time to teach you self improvement skills but Vector will for the most part depending on what office you work in. For some, this alone can be life changing.
Just like anything else in life, if you want to be successful, you need to put in the work. People who work hard at this company do make a decent income. But since this is a sales job, only a small percentage of people have what it takes. This is why the turn over rate is so high. Most of the people you go to training with will probably drop out within the first few months.
Feel free to comment below about your own personal experience with Vector.