MYTH: Vector Marketing is a scam because it’s a multi-level marketing company . The TRUTH: Vector Marketing is not a multi-level marketing company . Vector Marketing is a single-level, direct-to-consumer marketing company and is recognized as an official member of the Direct Selling Association.
Is Vector Marketing a scam? No, they’re a legit business selling real products. What’s smarmy is their sales tactic of recruiting college students who are often willing to do anything for a little extra money. And because they don’t describe the opportunity as an MLM, they end up getting sued.
What’s Vector? Vector Marketing is a single-level direct sales company that sells CUTCO®. Early in CUTCO Corporation’s history, there were hundreds of small independent sellers of CUTCO®. In 1981, Vector Marketing was founded to be one of those independent sellers.
Average Vector Marketing hourly pay ranges from approximately $8.00 per hour for Organizer to $22.30 per hour for Entry Level Sales Representative. The average Vector Marketing salary ranges from approximately $15,000 per year for Sales Associate to $50,967 per year for Sales Representative.
The company is technically not a pyramid scheme or a multi-level marketing scam. But because Vector does rely on its employees to work at their own rate selling knives, it can certainly appear as a scam to many people introduced to the job for the first time.
your $18 /hr base pay is not that at all: (my italics) “Our reps earn commissions for sales made. We also offer a guaranteed base pay per qualified appointment. This means you’re guaranteed to earn something for each qualified appointment completed, whether or not you sell anything.
No CUTCO is not a pyramid scheme . The traditional business model is a “direct sales” model where students can only make commission from anything they can sell. There is no way to make money or bonuses from recruiting others into the business.
You only make money if you sale something and what you get paid is not a lot but you have to go to these meetings they have and they take your checks from you . They do have a customer service call center, and honestly yea the job is basically just sales experience, and selling the product is with any marketing company.
Vector Marketing is a multi – level marketing subsidiary company and the domestic sales arm of Cutco Corporation, an Olean, New York-based cutlery manufacturer. The company was founded in 1981 in Philadelphia, Pennsylvania.
Definition of a vector . A vector is an object that has both a magnitude and a direction. Geometrically, we can picture a vector as a directed line segment, whose length is the magnitude of the vector and with an arrow indicating the direction. Two examples of vectors are those that represent force and velocity.
Cutco was a very good job while I had it. They had a flexible schedule and I could work when I wanted to. I worked for how much money I earned. I worked at Cutco for about a month and I didn’t like it at all.
How? One word. Vector . Every spring to summer season, the Vector Marketing Corporation recruits entry-level sales representatives for its 550 offices, mainly college students and graduates, ages 18 to 25, offering training, a flexible schedule and a solid income for paying off school expenses and student loans.
Base pay is the initial salary paid to an employee, not including benefits, bonuses, or raises. It is the rate of compensation an employee receives in exchange for services. An employee’s base pay can be expressed as an hourly rate or as a weekly, monthly, or annual salary.
You earn money through sales commission, and you can only make sales by calling people that you find yourself, and it’s hard to get customer referrals. That means, after a few months, there’s not much more to do at the company.
To answer your question, the company is legit . My company does business with them, and my friends son paid his way through university working there. I used to ask them about their online presence, and why they don’t do more to clean up the rumours.