Current Events > One of my wife's family members fell for the Vector Marketing scam

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MC_BatCommander
06/04/19 3:59:49 PM
#1:


Do you know anyone that got suckered by them? He hasn't made any money but claims he's on fast track to management, it's weird how willingly he believes their promises of big earnings. He doesn't seem to care at all that it's clearly a MLM scheme
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karlpilkington4
06/04/19 4:05:31 PM
#2:


You can make money in MLM. It's not a scam.
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Goats
06/04/19 4:06:38 PM
#3:


I just don't get how they trick anyone. I went to one of their meetings and it was just a total bongshow. Garbage everywhere. Drowning everyone in fake niceness. Could see the tape holding up signs, etc. They didn't even look professional yet everyone there but a few people were just eating it up.

Someone said I should try it for a job once when I was in between jobs and got all angry and self righteous when I said it was a scam.
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Smashingpmkns
06/04/19 4:07:47 PM
#4:


Dunno how people still fall for that shit, especially Vector.
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Prestoff
06/04/19 4:09:38 PM
#5:


They trick people by going after the ones that need a job.
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Unsugarized_Foo
06/04/19 4:09:57 PM
#6:


I listened to something on NPR about them. Apparently 92% go into debt or just break even
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MC_BatCommander
06/04/19 4:10:21 PM
#7:


karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is
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MrToothHasYou
06/04/19 4:10:22 PM
#8:


karlpilkington4 posted...
You can make money in MLM. It's not a scam.

lmao
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karlpilkington4
06/04/19 4:10:35 PM
#9:


Smashingpmkns posted...
Dunno how people still fall for that shit, especially Vector.


There's nothing to fall for. You sell products, and you make money. People in general simply can't sell (or persuade others) and therefore do not make any money. It's a commission based job. Now if you sell a product or get someone under you who sells, and you're not getting paid, then its a scam. But that's not what's actually happening in most every case.
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Guide
06/04/19 4:10:40 PM
#10:


Smashingpmkns posted...
Dunno how people still fall for that shit, especially Vector.


Some people, despite having almost all information available and curated for free in their pocket, just don't bother to take a minute to scan for criticisms.
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karlpilkington4
06/04/19 4:11:23 PM
#11:


MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.
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Mister_Spyker
06/04/19 4:13:59 PM
#12:


I have a friend who is into Herbalife and she makes some really good money. More than double the living wage. I'm not sure how much but she's really really successful and has a lot of other people working for her now. It's one of those things that is amazing for a very particular sort of person. Like very outgoing people who manage to really influence the people around them and are able to manage themselves. It's definitely not a business for your average Joe. Plus, she lost a lot of weight and looked amazing after she did Herbalife for some months.

Most people should just stay away from it, tho, unless they like the products, in which case just buy them, but don't quit your dayjob.
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ThePrinceFish
06/04/19 4:15:38 PM
#13:


"It's not a scam as long as you're the kind of person that can scam others harder than the jerk that got you involved scams you."
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PiOverlord
06/04/19 4:16:08 PM
#14:


My college has their job postings listed everywhere.
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MC_BatCommander
06/04/19 4:18:06 PM
#15:


ThePrinceFish posted...
"It's not a scam as long as you're the kind of person that can scam others harder than the jerk that got you involved scams you."


Lol pretty much.

There are plenty of real sales jobs with hourly wages and benefits, idk how MLMs are so successful in recruiting people
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Mister_Spyker
06/04/19 4:18:28 PM
#16:


ThePrinceFish posted...
"It's not a scam as long as you're the kind of person that can scam others harder than the jerk that got you involved scams you."

If you're selling a product that works and people buy it, then I don't think it's a scam.
I think the Herbalife diet works. I'm not sure how, but people who follow it strictly get amazing results.
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karlpilkington4
06/04/19 4:18:31 PM
#17:


Mister_Spyker posted...
I have a friend who is into Herbalife and she makes some really good money. More than double the living wage. I'm not sure how much but she's really really successful and has a lot of other people working for her now. It's one of those things that is amazing for a very particular sort of person. Like very outgoing people who manage to really influence the people around them and are able to manage themselves. It's definitely not a business for your average Joe. Plus, she lost a lot of weight and looked amazing after she did Herbalife for some months.

Most people should just stay away from it, tho, unless they like the products, in which case just buy them, but don't quit your dayjob.


Good post. It takes a mental shift to work on commission and essentially be on your own, selling. Most people can't handle that. But that doesn't make it a scam. A lot of people simply don't have the skills required to succeed in that business model. The people who do, can flourish.
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thronedfire2
06/04/19 4:29:33 PM
#18:


karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


How about you explain in detail how its not a scam first
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Smashingpmkns
06/04/19 4:30:47 PM
#19:


Can't think of many real commission jobs that require sales people themselves recruiting in order to stay afloat. There's a documentary on Herbalife called Betting on Zero that goes into detail on how many lives have been ruined.
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Umbreon
06/04/19 4:33:10 PM
#20:


thronedfire2 posted...


How about you explain in detail how its not a scam first


Do you believe the person you're speaking to is sincere?
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ocelot51
06/04/19 4:34:14 PM
#21:


Not all MLMs are scams but most of them are exploitative. A very, very small subset of people make anything resembling decent income and it definitely takes real work to get anywhere with it. A far cry from how they're portrayed in the ads.
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Mister_Spyker
06/04/19 4:34:28 PM
#22:


Smashingpmkns posted...
Can't think of many real commission jobs that require sales people themselves recruiting in order to stay afloat. There's a documentary on Herbalife called Betting on Zero that goes into detail on how many lives have been ruined.

Yeah, made by a guy who hates Herbalife.
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MC_BatCommander
06/04/19 4:35:55 PM
#23:


karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


It's a few people profiting by mass recruitment of naive and untrained "contractors". Basically you "hire" anyone that walks in the door, give them minimal (and unpaid) sales training, then have them pay you a "deposit" on the product.

Any industry where 90%+ of the employees don't make money is a scam in my book
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karlpilkington4
06/04/19 4:36:15 PM
#24:


thronedfire2 posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


How about you explain in detail how its not a scam first


You sell their products, they pay you. If you get other people under you, and they sell, the company gives you a percentage of their sales too.

How is any of that a scam?
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Smashingpmkns
06/04/19 4:37:42 PM
#25:


Mister_Spyker posted...
Smashingpmkns posted...
Can't think of many real commission jobs that require sales people themselves recruiting in order to stay afloat. There's a documentary on Herbalife called Betting on Zero that goes into detail on how many lives have been ruined.

Yeah, made by a guy who hates Herbalife.


It followed a Harvard graduate hedge fund manager, it was made by the dude who made Darfur Now.
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karlpilkington4
06/04/19 4:39:13 PM
#26:


MC_BatCommander posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


It's a few people profiting by mass recruitment of naive and untrained "contractors". Basically you "hire" anyone that walks in the door, give them minimal (and unpaid) sales training, then have them pay you a "deposit" on the product.

Any industry where 90%+ of the employees don't make money is a scam in my book


That doesn't make it a scam. There is a definition of scam, and "your book" is irrelevant to the actual definition. The amount of people failing at something is irrelevant to what makes something a scam or not. If you sell their products, they pay you.
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lincoln002
06/04/19 4:40:03 PM
#27:


Mlms are no different than regular jobs, the thing about doing mlm that differs from doing other jobs is that you can build more skills doing mlm than being a cashier for instance. So the trade off you you don't get a comfy per hour rate cuz it's based on performance but you build skills that make you extremely valuable to almost any employer so if it doesn't work out you can go back to getting paid hourly or salary but with the mlm psychology to make you a more valuable employee.
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MC_BatCommander
06/04/19 4:41:16 PM
#28:


karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


It's a few people profiting by mass recruitment of naive and untrained "contractors". Basically you "hire" anyone that walks in the door, give them minimal (and unpaid) sales training, then have them pay you a "deposit" on the product.

Any industry where 90%+ of the employees don't make money is a scam in my book


That doesn't make it a scam. There is a definition of scam, and "your book" is irrelevant to the actual definition. The amount of people failing at something is irrelevant to what makes something a scam or not. If you sell their products, they pay you.


Whatever you say man, I don't agree with you at all

Any company that uses misleading recruiting tactics to make money definitely falls under the definition of scam, and Vector is for sure one of those. Idk about every MLM but Vector absolutely is one
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ThePrinceFish
06/04/19 4:42:22 PM
#29:


I've seen enough dudes renting fancy cars and clothes to project an aura of success to groups of rubes, I mean prospective "partners", to know that multilevel marketing is the biggest fucking scam imaginable.
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Benify
06/04/19 4:45:32 PM
#30:


So what do they sell?
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karlpilkington4
06/04/19 4:46:18 PM
#31:


MC_BatCommander posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


It's a few people profiting by mass recruitment of naive and untrained "contractors". Basically you "hire" anyone that walks in the door, give them minimal (and unpaid) sales training, then have them pay you a "deposit" on the product.

Any industry where 90%+ of the employees don't make money is a scam in my book


That doesn't make it a scam. There is a definition of scam, and "your book" is irrelevant to the actual definition. The amount of people failing at something is irrelevant to what makes something a scam or not. If you sell their products, they pay you.


Whatever you say man, I don't agree with you at all


It's literally the definition of the word. There's nothing to disagree with. When you signup, you are told how to get paid and what's required. You sell their products, you get paid. You get people to sell on your team, you get paid.

Just because people can't sell, doesn't make it a scam.
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Master_Bass
06/04/19 4:47:02 PM
#32:


Remember kids, it's not a real job if they have you buy products from them first.
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karlpilkington4
06/04/19 4:47:15 PM
#33:


Benify posted...
So what do they sell?


Each company has its own products. Health products, beauty products, knives, etc.
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DarkRoast
06/04/19 4:47:53 PM
#34:


karlpilkington4 posted...
You can make money in MLM. It's not a scam.


Yes it is

It's a pyramid scheme. The one only ones who make money are the ones who get cuts from the sales of their underlings.
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karlpilkington4
06/04/19 4:50:45 PM
#36:


DarkRoast posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


Yes it is

It's a pyramid scheme. The one only ones who make money are the ones who get cuts from the sales of their underlings.


That's not true at all, and even if it were, its not a scam if the company outlines that requirement in the beginning.

Maybe learn what the word scam means.
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lincoln002
06/04/19 4:51:14 PM
#37:


Master_Bass posted...
Remember kids, it's not a real job if they have you buy products from them first.


You mean kind of how you have to pay for bs certificates, degrees and further education for other jobs? LOL
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ArchiePeck
06/04/19 4:51:17 PM
#38:


It's exploitative, but it's not a "scam" - no-one is getting cheated out of anything. If you are an extremely good and charismatic seller you will be able to make good money. Most people aren't, which is why I agree that seling them the idea is exploitative.
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DarkRoast
06/04/19 4:52:01 PM
#39:


The loss rate for MLMs is at least 99%. This means that less than one in 100 MLMparticipants make a clear profit, and at least 99 out of 100 participants actually losemoney, Taylor reports. Less than one in one hundred. Your odds of sleeping through the night with three-month-old triplets are higher.Aug 17, 2017

https://due.com/blog/3-mind-blowing-statistics-about-mlms/

99% of MLM participants lose money

According to research at the FTC, a whopping 99% of recruited sellers lose money in an MLM venture. That means just 1% actually turn a profit. That is generally just those at the very top of a recruitment structure. Because recruiters earn from their own sales and the sales of everyone they recruit, and their recruits, and so one, those at the top can earn a profit. But with 99% of people losing money, its hard to see why anyone would join this type of company.

Its hard to succeed in any business, but the success rate is well over the 1% you see in MLMs. The same FTC report explains that 39% of legitimate small businesses ultimately earn a profit over time. Thats still less than a 50/50 success rate, but about 39x better than an MLM.

Before starting in any business, regardless of the product or service, do your research and find hard numbers on your odds for success. There is risk in starting any business venture. As long as you understand and can afford those risks, thats okay. However, you should never start a business where the odds of success are better at a Vegas slot machine.

95% quit within ten years

What happens in a business model where everyone loses money? Everyone quits. Well, not quite everyone. But close to it. The same FTC report from Jon Taylor explains that 95% of MLM participants quit within ten years. Around 30% of all small businesses survive at least ten years, according to Bureau of Labor Statistics data. That means the typical small business has 6x the longevity, when measured by whos around after 10 years, of MLMs.

While it makes sense that people would get want to move on from some businesses after a period of time, the rate at which people flee MLMs are a testament to the 1% profitability rate above. According to another study, at least half of participants quit within one year.

All businesses take a lot of work and there is no quick and easy path to success. If there were, everyone would be doing it!


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lechaflan
06/04/19 4:52:07 PM
#40:


I used to be part of Primerica for a few months. Went to all these meetings and whatnot thinking I could make money. The words they used and the way they said them were so pretty I was just like "fuck it, I'll try this". What I felt so uncomfortable about it was that as soon as I joined, they asked me for all my contacts and to schedule meetings with them. Needless to say, most of the people I contacted warned me offside not to deal with them so of course I couldn't produce results. I didn't listen and found myself miserable for the next few months.

Is the potential to make money there? Of course but you have to either have the right attitude/mindset to grow/improve and really commit to it. I had neither, felt it just wasn't for me, and worst of all, felt like they were badgering me WAY too much for someone that didn't get results, and just stopped answering calls until my license expired. I'm all for positive energy support but it was so damn suffocating especially since I found no passion for the work.

My trainer went as far as thinking of me as a little brother even though I only knew him for 2 months. Yea. No.

Are such models scams? I'd imagine businesses for the most part follow a pyramidic model. The reason I say Primerica was a scam (at least the branch I worked for) was due to my personal experience and how I just ate up all these fancy way of wording things differently just to increase their marketability. Some people have the drive to succeed and I'm glad I realized before I spent too much money/gas that I didn't mind not succeeding in that company.

.... TDLR... i don't know why I ranted on that lol but it was one of the most defeating times of my life.
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King_Hellebuyck
06/04/19 4:52:28 PM
#41:


Pretty blatant scam
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Tyranthraxus
06/04/19 4:52:32 PM
#42:


karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


https://en.wikipedia.org/wiki/Pyramid_scheme
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karlpilkington4
06/04/19 4:52:43 PM
#43:


ArchiePeck posted...
It's exploitative, but it's not a "scam" - no-one is getting cheated out of anything. If you are an extremely good and charismatic seller you will be able to make good money. Most people aren't, which is why I agree that seling them the idea is exploitative.


I agree with this for some companies. They target poor people who definitely don't have the skills or mindset to do this
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DarkRoast
06/04/19 4:53:27 PM
#44:


ArchiePeck posted...
It's exploitative, but it's not a "scam" - no-one is getting cheated out of anything. If you are an extremely good and charismatic seller you will be able to make good money. Most people aren't, which is why I agree that seling them the idea is exploitative.


No, even if you sell balls to the wall, you won't make jack. The only way to actually make money in MLM is to recruit tons and tons of salespeople under you and get a cut of their sales (and then inherit their customers when they quit)
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legendarylemur
06/04/19 4:53:42 PM
#45:


Not calling it a scam is semantics. But it's far from the only scam-like entity in the job sphere. Everybody's trying to get as much free money as possible from others looking to get as much free money as possible
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karlpilkington4
06/04/19 4:53:52 PM
#46:


Tyranthraxus posted...
karlpilkington4 posted...
MC_BatCommander posted...
karlpilkington4 posted...
You can make money in MLM. It's not a scam.


It definitely is


Explain the scam in detail. I'll wait.


https://en.wikipedia.org/wiki/Pyramid_scheme


None of that proved it was a scam.

Nice attempt. Maybe try harder than a copy/paste next time.
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MacDaMurderer
06/04/19 4:54:57 PM
#47:


Most of it is a scam because the products and services they sell are trash. My bro fell for one of them where he sold basically an AAA like car service for half the price of AAA. But if you look up the actual service it was fucking garbage. Most of the time you had to pay upfront for the service and the fake AAA company would reimburse you (they never did)

Literally tried to get me to sign up and I told him it was a scam. He swore to me it wasnt. Two months later he was like well I only lost $250 so it wasnt really a scam
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tullock
06/04/19 4:55:33 PM
#48:


karlpilkington4 posted...
You can make money in MLM. It's not a scam.


Of course you would say that
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Master_Bass
06/04/19 4:55:47 PM
#49:


lincoln002 posted...
Master_Bass posted...
Remember kids, it's not a real job if they have you buy products from them first.


You mean kind of how you have to pay for bs certificates, degrees and further education for other jobs? LOL

At least a lot of those will get you a decent job. All you get with an MLM is debt and some hideous leggings with essential oils smeared on them.
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radical rhino
06/04/19 4:56:08 PM
#50:


Holy shit this karl guy is so obviously part of a MLM company and desperately doesnt want to admit that he was scammed. Lol!
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Bishop9800
06/04/19 4:56:33 PM
#51:


radical rhino posted...
Holy shit this karl guy is so obviously part of a MLM company and desperately doesnt want to admit that he was scammed. Lol!
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