Vector Marketing
Anyone heard of this? Its basically door to door knives selling but can it be spinned for future SA interviews?
Anyone heard of this? Its basically door to door knives selling but can it be spinned for future SA interviews?
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Good luck with that.
http://www.419legal.org/frauds/vectormarketingscam.php
This was known among circles of college students four or five years ago for being a scam, so there's a good chance someone in the hiring process will recognize the name Vector, too.
We also had an "internship" program where students were hired to paint houses. Students would come in and hijack the first five minutes of class to recruit. I got conned my freshman year and went to one of their "interviews" and wasted 1/2 hour. Finally, my senior year, I got up in the middle of class and asked, "This isn't that internship where you have to paint houses rather than write code over the summer, is it? Can we just get that out of the way now?" Everyone burst out laughing and the "recruiters" slinked out of the room. Oh well, guess I'm probably blacklisted from the painting industry. :D
Lol, that's great Illini.
As for Vector, I know people that have made money off it and those who haven't. If you're a great salesperson you can probably do decently enough at it, if you're not great a cold-calling and all that bullshit, don't bother.
We also had an "internship" program where students were hired to paint houses. Students would come in and hijack the first five minutes of class to recruit. I got conned my freshman year and went to one of their "interviews" and wasted 1/2 hour. Finally, my senior year, I got up in the middle of class and asked, "This isn't that internship where you have to paint houses rather than write code over the summer, is it? Can we just get that out of the way now?" Everyone burst out laughing and the "recruiters" slinked out of the room. Oh well, guess I'm probably blacklisted from the painting industry. :D
What was the problem there? Unless they lied and said the internship was for programming or office work when it was to paint houses I don't see the "con"
This would be like going to a banking convention and recruiting for a management program- only to inform recruits that "management" meant being a shift manager at Wendy's for $15/hour. The term is called bait-and-switch, and when you do it to consumers, it is also illegal.
In any case, try to avoid mentioning both "Vector Marketing" and "selling knives" on your resume or in interviews with anyone under 28 or 29. They still may ferret you out as a vector victim/perpetrator, but that will reduce the chances.
Do your friends, family, and future recruiter a favor; don't sell knives this summer. If you have to, go work at the mall; I worked as a lifeguard until my Sophomore-Junior summer internship where I worked for minimum wage at a clearing firm.
they force you to pay for the training and knife presentation set, from what ive heard
I know someone doing it. Not sure if they have to pay for the presentation set (I'll ask him later), but they get paid per presentation and they get paid for selling a set. From what I've heard, they are ridiculously expensive knives.
I got scammed the summer before I went to college. I realized it immediately, but checked ebay for how much the individual knives from the set were going for. Realized I could turn a profit. So I paid for my set, sold it all on ebay, and ended up making some money after all
dude, what happened to summer internships at KKR, TPG, H&F, and Oaktree??? did you turn them all down for vector because it'll give you more "operational" exposure to help you land a FT BB gig?
Trying to demo to my parents. I'll let him do it because he gets paid, but I highly doubt they willbuy it. He owes me money, so whatever.
I worked as a receptionist at a Vector office in High School, and like a previous person stated some people actually made tons of $$$, while others were not as good of sales people. I actually own a set of their knifes and they are great.
honestly, cutco knives own. matter of fact, i just used one.
as others have said, i know some people that have made a killing in there late teens. i don't know if i'll call it a 'fraud'.. Vector just tries to skimp on costs
my sister did it and made money. again depends on your salesmanship...likely won't look that great on the resume tho for recruiting
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