Business model
Vector denies being a multi-leveling marketing company, or a pyramid scheme, but the Los Angeles Times says that it meets the Federal Trade Commission’s exact definition of a multi-level marketing company. However since it does actually sell a product, it is not technically a pyramid scheme.
Besides, Can you make money with Vector Marketing?
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. It is mostly based on sales, but it is a “no pressure” sales company because you get paid just to show the product, but part of it is commission.
Keeping this in mind, What is vector and is it a pyramid scheme? Vector is a pyramid scheme. It is a single-level direct sales company that encourages employees to call family, friends of family, friends, friends of friends, former colleagues, teachers, youth leaders and, even your doctor or dentist, and start conducting sales from there.
Does Vector Marketing pay weekly?
While our reps are guaranteed to make a base pay each time they show CUTCO, they can earn more than what’s guaranteed through incentives from completing a sale. Additionally, we pay on a weekly basis, so you’ll receive earnings for your hard work at the end of each work week.
Is Vector and CUTCO legit?
Yes, absolutely. Here’s what you need to know if you or your kid got one of these things. Vector is actually Vector Marketing, the New York sales arm of a privately held company called Cutco, which manufactures kitchen knives and claims over $200 million in annual sales.
How much do Vector sales reps make?
The typical Vector Marketing Sales Representative salary is $18 per hour. Sales Representative salaries at Vector Marketing can range from $5 – $38 per hour. This estimate is based upon 534 Vector Marketing Sales Representative salary report(s) provided by employees or estimated based upon statistical methods.
Do you get paid for Vector Marketing training?
13 answers
There is no paid training. It is not paid.
How are Vector reps paid?
Our reps receive a guaranteed base pay when they show CUTCO to a qualified potential customer. So they get paid whether or not the customer purchases. … While our reps are guaranteed to make a base pay each time they show CUTCO, they can earn more than what’s guaranteed through incentives from completing a sale.
Is Vector company a pyramid scheme?
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.
Is Vector The robot worth it?
Whether the Vector robot is worth it really depends on what you want out of a robot toy, your budget and particular situation. He is certainly one of the easiest robots to live with, and he is relatively affordable compared to many other robot toys.
How does pay work for Vector Marketing?
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.
Does Vector Marketing pay by the hour?
See the latest salaries by department and job title. … The average estimated annual salary, including base and bonus, at Vector Marketing is $124,161, or $59 per hour, while the estimated median salary is $117,349, or $56 per hour.
Is cutco legitimate?
Is It A Scam? Easily, Cutco Cutlery is in no way a pyramid scheme, primarily because of how their system works. It isn’t a scam either and is a legit multi-level marketing company that sells high-quality products that their customers are actually recommending. In fact, I wouldn’t mind recommending it to a friend too.
Are cutco jobs legit?
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 much money do you make with vector?
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.
How much money do you make selling Cutco?
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.
Can you make money selling Cutco?
If the sales pitch is successful, the salesperson does not receive the flat rate, but rather a 10-20% commission on the sale. … One former Vector employee put it best – there is potential to make money selling Cutco knives, as long as youre good on the phone and interested in selling to family and friends.
Is Cutco training paid?
7 answers. Training is not paid.
What do you do if you work for vector?
What do Vector Reps do? 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.
How long is Vector Marketing training?
You’ll attend an initial training session that takes place over a two or three-day training session at your local office. Your manager can provide you with more information about upcoming training dates and options.
How much do you make working for vector?
How much do people at Vector Marketing get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Vector Marketing is $124,161, or $59 per hour, while the estimated median salary is $117,349, or $56 per hour.
How do Cutco representatives get paid?
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.
How much do vector managers make?
Vector Marketing Salary FAQs
The average salary for a District Manager is $79,284 per year in United States, which is 35% higher than the average Vector Marketing salary of $58,700 per year for this job.