- Business and Employment
Vector Marketing: Should it Target Students for "Work"?
If you're a student strugging to balance school work and making a living, I'm sure that you've bumped into Vector Marketing's workforstudents.com site offering sales positions in your job search. I once was in the market for a part-time flexible job and found them.
I scanned the Sunday paper for openings and there was an ad by Vector. So, I ventured down that road of promised substancial income and freedom at the end of 2007. However, my experience was one that could've been avoided had I done more research into Vector Marketing and their recruiting tactics as well as their compensation plan.
I'm sure that there are many people out there who will defend Vector Marketing. I want to stress that this is written to warn and advise the student group that's targeted by the company so as to save them time and money.
Vector Marketing, as well as the product they recruit people to sell, Cutco Cutlery, are legitimate companies. No fuss about that. However, they are in the multi-level marketing category much like Mary Kay and Tupperware. Sales consultants of these companies are independent contractors. Meaning that you are contracted to sell these products using your own time and money for advertisement, gas, phone and internet. You don't punch a clock and sit in an office making an hourly wage. So, the money you make is based on your performance in the form of commission checks.
My problem with Vector Marketing is justifiable in mentioning for the following reasons:
-"Job" training is NOT paid. Therefore, if you do take the job expect to sit in a hotel conference room for 8 hours 2 to 3 days straight without compensation for it. Basically, it's a sales seminar in which they teach you all about Cutco Cutlery and how to sell it. There's a lot of motivational speaking rhetoric citing the human power from within to overcome obstables.
-They have you make a list of all your friends, family and other people you can start calling and bothering with the sales pitch.
-Appointments to demonstrate the product are paid at $15.00 each. Vector has designed the presentation to last between 45 minutes to an hour. So, it's NOT and hourly rate. You can spend 2 or more hours at a prospect's home with no sales and still only get $15.00. What if you have other appointments? You could miss those other ones that may have resulted in a sale.
-Vector tells you who to target in your product presentation and they decide whether the appointment will be paid, or not. Meaning that, if you target a single, 25 year-old man that doesn't make enough money, but is interested in the product, they will give you a hard time and can choose not to compensate you for it. They want you to target married people of a certain desired age and income.
-As a student, you probably are on a cell phone as an only means of communication. Vector Marketing management will want you to check in every morning via phone to tell them how many appointments you've booked for the day everyday. Seriously, who wants to use their peak time minutes like that? They also expect you to drive to their weekly sales meetings at the nearest sales offices on your own gas and dime. These meetings can happen between once and three times a week. Can a student afford that much gas?
-You are limited in the way you can market the product and the leads are generated by you entirely. They force you to call, call, and call friends of friends and so forth. You don't get your own website that you can advertise the product or your business on as support. Therefore, lots of time, effort, money, gas and advertisement are needed on your part. It's kind of hard to do when you go to school and have Vector as your only source of income.
So, my advise is to be careful when and if jumping in on this business endeavour. It's an investment and not an hourly-waged job. In fact, you're better off working at a retail store somewhere. That way your income is consistent and predictable. It is a good lesson and experience, but I wish that Vector Marketing was more forth-coming and honest in their job classifieds.