Are you looking to make extra money with Vector Marketing during your summer break? So, you went online checking reviews after reviews to know “Is Vector Marketing A Scam Or…” Right?
First of all, I am not a sales representative from Vector Marketing, so you won’t see me selling how good it is in this article. What I like to share today is to evaluate Vector Marketing suits me or not & whether it’s so good that I cannot miss it. I will provide everything you need to know, then you might be able to make a better decision after reading to the end.
Secondly, I am glad you check online first before really joining the interviews with Vector Marketing to know the business model and the compensation plan. This is called “Self-defense” to avoid wasting your time and effort on something that is not worth it. Congratulations, you are in the right place.
Let’s find out all untold truth about Vector Marketing.
What is Vector Marketing?
-Summary of Vector Marketing-
Vector Marketing is a company that mainly sells Cutco Cutlery. Back in the 1980s, Cutco hired many independent sellers to sell its knives, and Vector Marketing was the best. In 1985, Cutco acquired Vector Marketing and adopted the direct selling strategy and marketing tactics to maximize sales.
They aim to recruit college students and coach them to be sales representatives for summer works. All representatives need to attend a three-day unpaid training and go selling Cutco Knives door-to-door in an old-fashion way. So, if the recruiters tell you that you are going to sell Cutco Cutlery, you are actually working for Vector Marketing.
What’s inside Vector Marketing?
Vector Marketing doesn’t have any products and they are recruiting you to sell Cutco Cutlery. So, here we will only talk about all the knives or the kitchenware that you will sell once you complete the training. Before you start selling the knives, it will be nice that you try the products first. Then, you will definitely get a better idea about what you are going to sell.
- Knives: All kinds of knives you need in the kitchen.
- Knife Sets: Small knife sets, large knife sets, knife sets with a block or a tray, etc
- Shears: Super shears or gift shear sets.
- Cooks’ Tools: Vegetable peeler, sharpener, ice cream scoop, pizza cutter, etc.
- Tableware: Table knives, steak knives, table knife sets.
- Cookware: Sauce Pans, fry pans, skillets, woodblocks, etc.
- Outdoor: Sheaths, knife for fisherman, knife for hunting, lock back knife, pocket knife, etc.
How Does Vector Marketing Work?
You see a poster on the campus that hiring students for part-time works. If you are interested and call them, they will invite you to the first group interview. 9 out of 10 could pass the group interview unless you are acting weird or like a fool.
After the group interview, they will invite you back for the 2nd and the 3rd interviews to know more about you. You need to answer your hobbies, skills, and goals. If everything goes well, you now could join the 3-day unpaid training and learn how to make sales when you demonstrate Cutco products to your customers.
In the training, they will require you to purchase the knife set for your demonstration. The price should be $425 based on my research as of this writing.
Good Features to join Vector Marketing:
- You can start selling once you turn 18 years old.
- You don’t need to have work experience in the past, and they will teach you everything you need to know.
- Except for the $425 for the demo kit, there is no cost needed to start Vector Marketing. (low cost to start)
The Compensation Plan
Unlike other MLMs in the industry, Vector Marketing’s compensation plan is simple and easy to understand. There are only two ways to make money when you sell Cutco Cutlery with Vector Marketing.
Cutco gives a guaranteed wage of approximately $17 to $19 per appointment and completed by sales representatives(you). YES, per appointment. Although every appointment might take longer than one hour, you cannot refer to them as an hourly wage.
If we consider the time and the props we prepare for the demonstration, fuel to drive there, and parking fees, etc. the hourly wage is close to half or less of $$17 to $19.
You earn a 10%-30% retail commission if you are lucky to sell any knives to your customers face to face. The more you sell, the more commissions you can earn. Here are the extra commissions you can earn:
- $0 – $1,000: 10%
- $1,001 – $4,000: 15%
- $4,001 – $7,500: 20%
- $7,501 – $12,000: 25%
- $12,000 – $24,000: 30%
- $24,000+: 30%+(unspecified)
Ugly Truth About Vector Marketing
TOP#1 Low Income Potential
If you look closer to the business opportunity, it’s easy to find out that Vector Marketing recruits students as employees instead of distributors. However, they don’t pay you a minimum wage but pay you per appointment($17-$19), and it’s highly possible that you only get half of $17-$19 or less once you deduct all the other costs.
Many students quit this job after two weeks because they find out it’s not worth the time and effort they spent on Vector Marketing. Another point is that they cannot think of anyone they could sell knives once they demonstrate to all family and friends. These two are probably the reasons why I cannot find the official income disclosure from the Vector Marketing website. What I can get is always the below screenshot:
TOP#2 Prey On Naive Students
College students quit the job so quickly that Vector Marketing needs to supply new employees(students) as stable as possible. They most likely use the below methods to hire college students, and I am pretty sure that you might get attracted by one of the below:
- Poster/newspaper/social media ads
- Cold phone calls
- Text on the classroom blackboard
It’s not hard tom find many lawsuits that Vector Marketing faced in the past. I did my researches and found the lawsuits easily. It seems that Vector marketing didn’t solve the problems that using misleading job descriptions to recruit college students, and it’s impossible to trust a company like this.
- In 1990, Arizona’s attorney general sued Vector Marketing for violating the Arizona Consumer Fraud Act.
- In May 2010, Alicia Harris sued Vector Marketing, the company that recruits students to sell Cutco cutlery, for not paying her the time she spent in the training.
- In Feb 2017, Vector Marketing settled a class-action lawsuit with sales representatives who were required to attend training sessions but were not paid.
What I Liked About Vector Marketing
TOP#1 No Work Experience Needed
Normally, when you apply for a job vacancy, the job descriptions will list out that you need prior work experience. For Vector Marketing, you don’t.
In the 3-day training session, they will teach you everything you need to know how to demonstrate Cutco Knives to either your friends or family. To be honest, I like this and it kinda makes me feel like I can be a TOP sales if I have diligence, persistence, and patience.
TOP#2 Learn The Script of A SalesPerson
When you answer the call from Vector Marketing recruiters, the script starts. What they need to achieve is to get you to the 2nd & the 3rd interview, then you agree to attend the training. For recruiters, the more attendees mean more sales eventually. When you get the training, they will also teach you how to get your customers to feedback with your desired answers and the canned responses to handle objections. You could check HERE.
On the other side, I think it’s a very good opportunity to learn all the scripts if your goal is to become a salesperson of cars, insurance, or real estate for your career. Although joining Vector Marketing won’t get you rich quickly, it might help you to master all the scripts. Try to take this as an internship as a salesperson, you will feel so much better.
Here is the YouTube video of 3 keys to being successful showing Cutco knives, it worth a watch if you decide to join this opportunity!
TOP#3 Not Much Explanation Needed To Sell Knives
When you join other MLMs like Neora or Jeunesse, it takes lots of time to memorize the unique ingredients or patent technology they manufacture the products. But, to sell knives, what are the extra explanations needed for your customers?
Who’s Vector Marketing For?
I want to say “No One!” But, after a second thought, Vector Marketing is for students who take this as an internship to learn all kinds of scripts. If we are talking about the opportunity of making money with Vector Marketing, I would not recommend it to anyone around me!
Can You Make Money Selling Vector Marketing?
Yes, I believe there some students who are born to be top sales while the majority fail. I am not saying you won’t make money with Vector Marketing, but you need to consider how possible you create a stable income stream with Vector Marketing, right?
For me, becoming one of Vector Marketing takes too much time but only gets a few bucks back, so it’s not my cup of tea.
Is Vector Marketing A Scam Or…?
No, Vector Marketing is definitely not a scam nor a pyramid scheme. It offers all students an opportunity to sell Cutco’s knives and there are people do make money through the compensation plan.
Let’s go through again for things I loathe about Vector Marketing before your final decision:
- Low-income potential, it’s highly possible that you only make a few bucks in the long run.
- They prey on naive students and it’s close to using them.
- Vector Marketing has many lawsuits in history and settled a few times with lots amount of money.
If you have a “Nah” for any above, you will be interested in my alternative way to make money online:
My Alternative Way to Make Money Online
My alternative way to make money online is through Affiliate Marketing instead of promoting Vector Marketing products in person. Try to imagine you sell Cutco knives to your friends, family, or anyone you know, don’t you feel embarrassed and nervous? They might avoid you ever since.
Doing affiliate marketing will save you from that:
- You don’t even need to buy any physical or digital products to stock in your basement or storeroom.
- You also don’t need to show people how good the products are in face to face.
- You are not restricted to only promote Cutco knives. You can promote anything you like!
What you need to do is to create a website, YouTube channel, or Facebook/Instagram with quality content that makes your target audience trust you then purchase through your affiliate links. If they do purchase, you earn commissions. Simple as that!
The platform I am using is Wealthy Affiliate. The reasons for “Why Wealthy Affiliate?” are for all the WA training courses, LIVE training sessions every Friday night, 24/7 SiteSupport, and the world-famous/awards winning WA community!
For more details or top secrets about Wealthy Affiliate, you could check my full review below.
Wealthy Affiliate Income Proof
Here are some of the most active members from Wealthy Affiliate. Each of them did succeed in generating a sustainable income to replace their 9-5 jobs. You are more than welcome to check their stories HERE.
- I Made Over $1 Million With Affiliate Marketing.
- Can someone make a full time income promoting WA? You bet they can!
- What Does $1000 Per Day Look Like?$
- 40,000 In One Weekend
- A Very Humbling $12,803.26 Month – August Progress Report
- It’s Getting Better: $500+ in 2 Days
- Newbies Pay Attention! $5,195.20 Affiliate Check for June: Thanks WA!
- Joined the 10K Per Month Club. January Earnings $13,481.39
- New Record: $1,300+ Per DAY! Affiliate Marketing Works & Rocks!
- Made $7,395 in a WEEK: First Black Friday Results!
I hope you enjoy this review and you are more than welcome to share ideas or leave your comments below. I will reply as soon as I can, thanks.