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.
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.
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.
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.
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.
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.
How does Vector Marketing pay ? Reps earn a guaranteed base pay of $15-$18 every time they show Cutco to a qualified prospect, whether that be in-person or virtually. This is NOT an hourly rate. People sometimes think it’s $15-$18 per hour because most appointments take between 45 minutes to an hour.
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.
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.
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.
In other words, they’re expensive to make, you’re essentially paying the salesman a small fee each time you buy one, and the company has to charge more than the cost of a single knife because of the warranty. This business model has worked out for Cutco quite well.
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.
MLM businesses operate in all 50 U.S. states. Some sources say that all MLMs are essentially pyramid schemes , even if they are legal. The U.S. Federal Trade Commission (FTC) states: “Steer clear of multilevel marketing plans that pay commissions for recruiting new distributors. They’re actually illegal pyramid schemes .
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.