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.
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.
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.
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.
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.
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 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%. Kernus, who generate more than $20,000 in sales, earn a commission of 30% or more.
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.
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.
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.
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.
If you want to purchase the highest quality American made cooking knives , I highly recommend the Cutco brand. The Henckel is above the Cutco . I can’t use the Henckel as the blades are dull and I don’t have time to sharpen them.