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Why nobody ever wins the car at the mall (2018)

thehustle.co

211–220 of 264 posts

Re: Why nobody ever wins the car at the mall (2018)

#211
post #128

Earlier quoted context omitted.

Just get a STEM degree and it’s hard to do poorly afterwards.

I would disagree. There are several sections of STEM where there really isnt much for you. What are you supposed to achieve with a bachelors in physics?

I know someone with a bachelors in physics clearing mid 6-figures a year. Maybe ask her.

Re: Why nobody ever wins the car at the mall (2018)

#212

Earlier quoted context omitted.

"We researched it and contracted a sweepstakes company who helped us run the sweepstakes legally."

The reason I asked is because almost every sweepstakes I see on youtube/instagram/tiktok violates this so I am not ever sure all these "sweepstakes companies" know the rules.

Actually we did. You could send post cards to enter. No purchase necessary. We received a lot! ;)

Re: Why nobody ever wins the car at the mall (2018)

#213

Welcome to the ecosystem of lead-generation, and the specialized marketing campaigns which drive business sales. One of my earliest technical jobs was writing the middle-ware systems that handled lead data, and tracked the sales conversion rates of the companies we served. As an aside, it is the worst job I ever had in any of my careers… In general, you are never dealing with a single company: 1. An advertiser operat…

> once a lead is in the ecosystem it can be resold to dozens of firms all over the world

Hence the GDPR's 'legal basis for processing' requirement. If you did not obtain consent for that specific use then you don't have a legal basis for processing.

Re: Why nobody ever wins the car at the mall (2018)

#214
I recall as a younger child (teens, in the early to mid 2000s) there were these websites that allowed you to get all kinds of free stuff as long as you gave them your details. I, as someone who had only just discovered the internet (i.e. clueless) after emigrating to the Netherlands only a few years earlier and being in a relatively poor household, decided it was the most awesomest thing. I was signing up for all of these websites.

"Who cares!" I thought to myself. "What can they even do?! As long as I don't pay them anything it's fine!" I naively told my parents, who were just as naive around these issues. I got told off a few times, not because I was giving out my data to every company under the sun, but because random things were coming through the door.

I remember once a prominent pet food company sent out a sample cat food package. I didn't even like cats. Pets were frowned upon in our culture.

Needless to say, I'm some 15 years older now, and I regret every single form I was filling out back then. I realise that everything has vastly changed and systems change, but I can't help but feel somewhere some system still has my data, and it's only a matter of time before something wrong happens with it, if it hasn't already.

This kind of thing probably targets similar households. Poor people who are generally uneducated on these matters. It's sad that such thing isn't outlawed.

Re: Why nobody ever wins the car at the mall (2018)

#216
post #214

I recall as a younger child (teens, in the early to mid 2000s) there were these websites that allowed you to get all kinds of free stuff as long as you gave them your details. I, as someone who had only just discovered the internet (i.e. clueless) after emigrating to the Netherlands only a few years earlier and being in a relatively poor household, decided it was the most awesomest thing. I was signing up for all of…

Realistically.. they have your name, date of birth, and where you lived as a kid. What's the worse that could happen? I don't think there's enough there to open a credit card under your name.

Re: Why nobody ever wins the car at the mall (2018)

#217
post #176

Earlier quoted context omitted.

Oprah's famous "You get a car! And you get a car! And everyone gets a car! " show landed each audience member who got a 'free' car with a $6000 tax bill. https://www.history.com/this-day-in-history/oprah-gives-away...

Could they have offered to pay the tax? Or would that then trigger more tax, creating some kind of infinite loop of gifts and taxes?

Yeah, the term is "grossing up" and it's often done for bonuses and things. I've also seen it on sweepstakes. One for Fage yogurt offered a dream vacation to Greece and included a gross-up to pay the income tax.

Re: Why nobody ever wins the car at the mall (2018)

#218
post #98

I actually gave away a Porsche 911. This was not a mall giveaway but a marketing experiment for my new startup: Flat 6 Club. Yes, we wanted something in return, in this case, we wanted you to buy a t-shirt or start a subscription (merch+content+events), which gives us essentially all the same info, which would enter you in a sweepstakes to win the car. We also wanted to promote the club, which we did. We researched i…

In a world where the deck is stacked against most people regardless whether they "do the right things" like go to college hope of a chance windfall may be the only way to reach beyond their economic situation. $9.11 saved per month isn't going to ever buy a car, but it might win one and that's an easy value proposition to some people.

True, but it usually doesn't stop with a one-off lucky shot. Some people just repeatedly spend money in ways that will hurt them in the long run. It's a sad situation if you think your best hope for the future is (extremely unlikely) random luck or keeping shady creditors at bay.

There are a whole lot of companies out there fishing for vulnerable people, in all shades from legally shady businesses to pretty much all ad and credit companies.

Re: Why nobody ever wins the car at the mall (2018)

#219
post #128

Earlier quoted context omitted.

Just get a STEM degree and it’s hard to do poorly afterwards.

I would disagree. There are several sections of STEM where there really isnt much for you. What are you supposed to achieve with a bachelors in physics?

A physicist can be a good multi-disciplinary, quantitative problem solver. I think the reason is that physics doesn't "own" very many practical techniques, so we are constantly borrowing from other fields. Physicists also tend to keep their math skills after graduation. Most program well enough to be dangerous, and with a bit of guidance can become good developers.

I got a BS in math and physics, then continued for a PhD in physics. Today I work for a company that makes measurement equipment. We have engineers from most of the traditional disciplines, but they tend to be silo'd, and happy to avoid math and theory. Unavoidably, understanding (and proving) how the product works involves a combination of mechanical, electronics, data processing, statistics, and so forth. My long term role is to be the person who understands how the product works, not only acquiring domain knowledge but creating it.

The deal is that physics isn't an exclusive guild, and there are people in other disciplines with similar inclinations, but they're as rare as physicists. So I can't tell you why you need a physicist at the exclusion of any quantitative engineer with 30 years of experience. I can't promise that you'll get rich at it. I just try to help people and learn new things.

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