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.
Well, no. Vector’s sales structure is an exact match for the FTC’s definition of a multilevel marketing company. That doesn’t make Vector or Cutco a pyramid scheme . But the fact that the company is so reluctant to own its multilevel marketing status is a red flag.
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.
At first Vector Marketing is a great place to work if you are a service rep, but long term this job isn’t sustainable if you want to do it for multiple years because you will run out of people to call and runout of recommendations to go off of.
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.
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.
If you’re interested in buying a single set of steak knives that could very well last you the rest of your life, however, this Cutco steak knife set might be worth the cost. It’s fantastically durable, has a great warranty, and is very simple to maintain.
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.
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. The more I sold the more made.
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.
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.
Vector never goes door to door , only made appointments with people through phone calls. Door to Door Sales Job. It is a friend of friends sales job that branches out from those friends and onto others.
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.
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.