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.
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.
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.
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.
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.
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.
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.
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.
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.
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. So, you’ll get to see your hard work pay off at the end of each working week.
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.
The pay is great but you have to be comfortable with selling to people you know. I can recommend this job to anyone looking for sales experience or hoping to better their presentational skills. The product is excellent but not everyone is on board with the way Vector marketing handles 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.
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.