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.
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.
While our reps are guaranteed to make a base pay each time they show CUTCO, they can earn more than what’s guaranteed through incentives from completing a sale. Additionally, we pay on a weekly basis, so you’ll receive earnings for your hard work at the end of each work week.
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.
What kind of work is this? Everyone starts at Vector Marketing as an entry -level sales representative . Our reps schedule appointments and introduce prospective customers to CUTCO Cutlery through one-on-one demonstrations. This can happen in a customer’s home or online with a customer.
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 representatives market Cutco products. They are responsible for scheduling their own appointments, conducting presentations, writing up orders, generating referrals, and turning in weekly reports.
The bottom line is that selling Cutco knives for Vector Marketing is not necessarily a scam. After all, its workers are being paid for their work to sell a product to potential customers. Recruitment Process: Vector advertises that sales representatives will make from anywhere between $15 to $18.
Cutco reps are paid a commission based on the sales they bring in. For example, those who sell up to $1,000 worth of merchandise receive 10%, while those who collect between $6,001 and $10,000 are paid 25%. Representatives like Mr. Kernus, who generate more than $20,000 in sales, earn a commission of 30% or more.
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.
Some MLMs are illegal pyramid schemes. Most people who join legitimate MLMs make little or no money. Some of them lose money. People who become involved in an illegal pyramid scheme may not realize they’ve joined a fraudulent venture, and typically lose everything they invest.
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.
A pyramid scheme is a sketchy and unsustainable business model, where a few top-level members recruit newer members, who pay upfront costs up the chain, to those who enrolled them. As newer members in turn recruit underlings of their own, a portion of the subsequent fees they receive is also kicked up the chain.