Is Vector really a scam?
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Hello, I am a college student, without a job, who has been sorta-kinda looking for awhile. Recently a table was set up for a student work program with the address www.workforstudents.com. I applied for it just to give it a try and they called me back. They were very patient, and even called me back when I asked, because I had a bad signal that day. However when I heard the name vector a red flag poped in my head. After googling I found many diffrent opions on the matter. Can someone tell me if this is really a scam? Will I really have to spend money here to make money? I have no money currently and since im already investing everything into college, im not going to go that route. I am currently planing on attending the planned interview, but since I am new to working expierence, what questions should I ask? Any help and knowledge would be great. Thank you.
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Answer:
MLM companies (including Vector) are structurally identical to pyramid schemes. The difference is that a pyramid scheme isn't actually selling any product or service, and the scammer on top runs away with all the money. In an MLM company, there really is a product or service for sale, but the sales reps are still the most important customers. In other words, it's not a "scam", but it's also not worth your time. MLM companies will sell you on the idea of independence ("It's like running your own business!"), and no limit to how much money you can make. But it's a double edged sword; being an independent rep also means that they don't need to pay you minimum wage, reimburse you for travel expenses, or aid you in generating leads. The sales reps are pretty much hung out to dry and, while it's true that there is no maximum for your income potential, there is also no minimum. The thing is, it's never free to get started. There is always a $50 training package, a $200 demo kit, a $100 equipment rental...whatever it may be. You always have to spend money before you can begin earning money, and earning money is damn near impossible when you have no support structure to help you. So in the end, most people give up without earning their money back. For the company, it's a win-win situation. If you are part of the 98% that gives up without selling anything, so what? They already made money off of you, and you are completely replaceable. These companies are recruiting constantly, and the regional reps earn commissions for recruiting new people. And if you're part of the 2% that actually do make a significant amount of money, then the company is thrilled because they got your training package money, and now they are making money on the stuff you sell as well. Plus, that 2% have obviously bought into the whole MLM scheme and follow like sheep, plus they have proven sales skills, so they are perfect to keep around and promote to higher positions in the company. tl;dr Don't waste your time with Vector.
Jacob at Yahoo! Answers Visit the source
Other answers
MLM companies (including Vector) are structurally identical to pyramid schemes. The difference is that a pyramid scheme isn't actually selling any product or service, and the scammer on top runs away with all the money. In an MLM company, there really is a product or service for sale, but the sales reps are still the most important customers. In other words, it's not a "scam", but it's also not worth your time. MLM companies will sell you on the idea of independence ("It's like running your own business!"), and no limit to how much money you can make. But it's a double edged sword; being an independent rep also means that they don't need to pay you minimum wage, reimburse you for travel expenses, or aid you in generating leads. The sales reps are pretty much hung out to dry and, while it's true that there is no maximum for your income potential, there is also no minimum. The thing is, it's never free to get started. There is always a $50 training package, a $200 demo kit, a $100 equipment rental...whatever it may be. You always have to spend money before you can begin earning money, and earning money is damn near impossible when you have no support structure to help you. So in the end, most people give up without earning their money back. For the company, it's a win-win situation. If you are part of the 98% that gives up without selling anything, so what? They already made money off of you, and you are completely replaceable. These companies are recruiting constantly, and the regional reps earn commissions for recruiting new people. And if you're part of the 2% that actually do make a significant amount of money, then the company is thrilled because they got your training package money, and now they are making money on the stuff you sell as well. Plus, that 2% have obviously bought into the whole MLM scheme and follow like sheep, plus they have proven sales skills, so they are perfect to keep around and promote to higher positions in the company. tl;dr Don't waste your time with Vector.
TML
If Vector is affiliated with Cutco I would say they are a legit company, I've never worked for them but I have talk to some of their reps, my understanding is that just a direct sales company like Kirby, Avon, and other direct Marketing Companies, now to answer your question if you need to spend money to make money, I would say yes, and there's nothing wrong with that, for example if my business is bike rentals I need to buy more than i bike to rent them out, right?? Now the only thing wrong with that type of business is that it product based company meaning that you actually need the product to sell and sometimes people get into the habit of buying extra products just to get to the next pay bracket... I hope I was clear with my answer... Good luck
91B COMBAT MEDIC
Vector is NOT a scam by any means. It is not the most traditional job where you sit behind a counter like zombie and do something that any human being on the planet can do. I am a college student and I am 19 years old and I have been with Vector for 19 months. I also heard about the job because I was recommended by my friend. I didn't expect the call, and my friend didn't tell me anything, so at first I was cautious, however after the interview I got the position and since then I have never looked back. It's a guaranteed rate of pay and it varies across the country, my office does $20 per appointment, also there is no cold calling or canvassing and especially no door to door. So if you actually WORK at it and FOLLOW the program you will do well. Also in general keep an open mind and don't take advice from people that have gone through 1 day of training like "mom to be 2 my Princess 81909". If you have an interview and you are curious about going, just go, you have nothing to lose.
Sharon
If Vector is affiliated with Cutco I would say they are a legit company, I've never worked for them but I have talk to some of their reps, my understanding is that just a direct sales company like Kirby, Avon, and other direct Marketing Companies, now to answer your question if you need to spend money to make money, I would say yes, and there's nothing wrong with that, for example if my business is bike rentals I need to buy more than i bike to rent them out, right?? Now the only thing wrong with that type of business is that it product based company meaning that you actually need the product to sell and sometimes people get into the habit of buying extra products just to get to the next pay bracket... I hope I was clear with my answer... Good luck
91B COMBAT MEDIC
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