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You’ll find a few things that you’d like to know about Vector Marketing before selling knives for them.
What Is Vector Marketing?
Vector Marketing is essentially a rebranded Cutco Cutlery.
They employ representatives in college and just out of high school, generating a commission from selling their products.
You’re considered as an independent contractor for Vector as a rep.
The framework of Vector Marketing is you do in-home presentations showing knives and other products. You’ll get a base pay for doing these demonstrations.
Of course, you are encouraged to promote the product with your family and friends. Whenever you make a sale, you will earn money in commission from the sale.
You’ll undergo the necessary training to know about their products and to enhance your communication skill. Its purpose is to build your confidence and give you skills that you can use in your career.
What Is Cutco Cutlery?
Cutco Cutlery is a maker of high-quality kitchen cutlery. The name Cutco originated from Cooking Utensils Company that started in 1949.
Cutco manufactures a selection of specialized and everyday kitchen materials. They are popularly known for their knives, but they also offer shears, utensils, flatware, cookware, and sporting knives.
They have over 600 employees that work in administrative headquarters and factory.
Vector Marketing is the sales and marketing department for Cutco Cutlery. However, Vector Marketing was not always the single direct sales company that sold for Cutco.
Cutco is a 65-year-old business from Olean, New York. In the past, they used to have hundreds of small independent sellers.
Vector Marketing was created in 1981 and became an independent seller for Cutco. Since they made more sales than any other independent seller, Cutco Cutlery Corporation made the decision to buy them in 1995.
Since then, Vector Cutco became one.
You will not find Cutco products offered in any store and shop.
There is only one way to buy these products- from local events, in-home sales demonstrations, Cutco retail stores, and their site.
That is the reason you will see ads for them everywhere for positions like sales manager and sales staff.
They need help with product sales. And they employ many people to train to sell Cutco products.
You have probably seen their ads before searching for a job. You will find many recruiting manager roles for Vector Cutco in different places.
These part-time and entry-level roles are attractive to both high school and college students.
So, Vector Marketing? Scam?
Not in any way.
Vector Marketing became the main seller for Cutco Cutlery Corporation.
It is easier to deal with one advertising company of independent sellers instead of having a lot.
But it will be hard as hell to make money.
What Are Cutco’s Most Popular Products?
Vector has a number of quality products. The knives block sets are their hottest products. They all feature a “Forever Guarantee” and cost-free sharpening anytime.
The Ultimate Set has 32 pieces and an oak block that you can buy in honey or cherry finish.
The Homemaker Set has 10 pieces.
So, is this a Multi-Level Marketing Company?
Pretty much, they encourage you to recruit others.
With a multi-level advertising business, sales rep earns money by growing their downline and recruiting more sales representatives.
With Vector Marketing, the reps will make base pay.
However, you will get more money whenever you sell products.
Vector Marketing does recruit people and it is among the biggest recruiters of undergrad students in the United States.
Like MLMs, they send out interviews and job offers.
Work experience is not a prerequisite, so anyone can become a company distributor.
This is why they’re frequently regarded as an MLM business by a lot of people.
Some would say this an excellent recruiting strategy, though others think it is predatory.
Can College Students Make Money With Vector Marketing?
The quick answer is yes.
Vector Marketing has been helping older high school and college students earn cash.
But they provide a lot more than money.
They offer a salesforce training program and skills, which will give them an advantage on job placement and interviews.
But let’s be real, you’ll make just as much as any other MLM.
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How Do You Make Money With Vector?
You get paid weekly checks as long as you are with the company.
Sales rep make a starting pay between $15-$18 whenever they demonstrate Cutco knives to a prospect. This is not a per hourly rate, but showing the products requires anywhere from 45mins – 1 hour.
This demonstration can be held in person or virtually.
What Lawsuits Have Been Filed?
We found several cases filed against Vector, and it seems as they get sued every few years.
The Arizona Attorney General, in 1990, sued them for their recruitment strategy, calling them deceitful.
On the other hand, in 1994, they had been directed to stop deceptive recruiting practices in Wisconsin.
In 2008, they got a class action lawsuit. They were not paying their sales rep minimum wages and this case resolve for $13 million in 2011.
In 2014, they faced an additional class action suit for not paying minimum wage in different states, including New York, Missouri, Minnesota, Michigan, Illinois, Florida, California, and Ohio.
And in 2014, they had been accused by one of the distributors of not receiving the right training. She was raped and drugged while holding a sales call.
Next, in 2017, Vector Marketing spend $6.75 million to settle an additional class-action lawsuit. They did not pay sales representatives that went to the training. In the same year, another class-action lawsuit was sent in by division managers. They concluded they must be paid as employees and not as a contractor.
With all this info…why would you still want to get involved with them?
FAQ’s
How much does it cost to be part of Vector Marketing?
It does not cost anything to join, though you are going to need to go through training to be a sales representative or independent contractors. After completing the training, you will receive a sample set of Cutco knives for demonstrations. You will have to return this sample package when you quit.
Is Vector Marketing a scam?
No, they’re not a fraud. It is also not a pyramid scheme. Jason Heinritz from Vector said that these are all misconceptions. This is a genuine company. They offer genuine products which are made of great quality. There are many reasons why people believe they’re a fraud. One is due to their product sales tactic for recruiting college students. And they look like an MLM opportunity with the way they recruit, though they claim they are not an MLM…Shocker…
What’s Vector Marketing’s BBB rating?
Vector comes with an A+ BBB rating.
What’s Vector Marketing’s revenue?
Vector reported $273.8 million in income in 2019. Their 2020 revenue hasn’t been published yet.
How many Vector Marketing distributors can be found?
With 5,590 distributors, this is pretty small.
Conclusion: Is Vector Marketing A Scam?
The question you would want to ask yourself first is, “Do you really like going door to door showing people knives for a 10% commission?”
How much cash would you think you can truly make out of a 10% cut?
But on the opposing side of the story.
You’ll gain experience and training for future employment. And this may be a good choice for you in case you are exploring a profession in sales or need background talking to people.
But if you are in college, looking to earn money by selling knives is not going to be a good choice.
Is Working For Vector Marketing A Good Idea?
Look, I am not beating Cutco and Vector has good products.
But with the lawsuits regarding payments, I would not take a chance of not getting paid.
And, if you do get paid, it will not provide you with any kind of dependable income unless you can book a showing after showing and get sales.
And to achieve this, you would have to do more than part-time work. A starting pay of $15-$18 per demonstration won’t be enough to sustain.
How many showings will you’ve to perform just to earn $100/week?
How many Cutco products sales you have to make?
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Although it’s not real estate in the traditional sense, it’s all digital.
Where Multi Level Marketing falls short is in scalability.
There’s only so much time in a day and there’s only so many people you can reach to sell by yourself.
MLM companies know this! Which is why they push so hard for you to recruit for your downline…you can’t get rich with it as a one man/woman show.
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How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it Digital Leasing now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about:
- Your upline getting paid before you
- Begging your friends and family to buy from you
- Recruiting people all the time
But as it is with Vector Marketing… You only get what’s left of the pie if you meet a monthly quota…
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The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the Vector Marketing group in our opinion. This group is much more active.
Unlike MLMs, where you’re getting maybe $10 per sale, you could be getting 10-20X THAT.
A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding Digital Leasing.
Unlike Vector Marketing, more people have been able to walk away from their 9-5 job as well.
Digital Leasing allows you to have total passive income with most of your day being spent WITH your friends, NOT selling to them.
Now, I know you probably have tons of questions…
