Vector Marketing Review: Is It A Legitimate Opportunity or Scam?
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There are a tons of ways to make money online. You no longer have to be stuck in a boring 9-5 job slaving away making other people's dreams come true. You can be your own boss! However, you do have to be careful with what business opportunity you choose. Quite often, many of these online business opportunities are nothing but glorified scams. Chances are you know this and why you're looking at Vector Marketing Reviews online. You're wondering can you really make money this way or is it just one of those scams everyone is talking about? Well let's take a closer look and determine if Vector Marketing is cut above the rest. Pun intended.
What is Vector Marketing?
VectorMarketing.com is a direct sales marketing company that acquired kitchenware company Cutco Cutlery in 1985. Vector Marketing Corporation sells knives manufactured by Cutco using a sales force that goes door-to-door. Vector Marketing began in 1948 in Olean, New York.
What Products Does Vector Marketing Offer?
Vector Marketing sells Cutco Cutlery kitchenware. However, the biggest focus is on selling Cutco knife sets. These knives feature a patented “Double D” recessed edge with 440A stainless steel blades. At the time of this review, these knife sets range in price from $286-$1,212.
Vector Marketing Compensation Plan
Vector Marketing Sales Representatives receive a weekly base pay plus commission. According to the company's website, representatives will receive pay for every qualified appointment that they make, whether or not they make any sales. The company does not disclose the commission percentage for each sale. To make sales, representatives make appointments by phone to come to a potential customer's house to show what the knives can do. They can also go door-to-door to sell the products. If you don't like the idea of door to door selling or not knowing your commission rate, then I highly recommend checking out Fusion Cash, Swagbucks.com my Top Work At Home Recommendation or Swagbucks.com.
How to Become a Vector Marketing Distributor
Those who wish to become a sales representative with Vector Marketing must fill out a free application and be interviewed by the company. No previous sales experience is required, but individuals must be at least 18 years old. Before sales representatives can make appointments to sell the knives, they must complete three days of unpaid training. Once this training is complete, they are loaned a demonstration set of knives valued at around $425. This set is used during appointments to showcase the knives to potential customers.
What We Like
Excellent BBB Rating: At the time of this review, Vector Marketing has an A+ rating along with full accreditation with the Better Business Bureau. Swagbucks.com is another work at home company with great BBB ratings.
Forever Satisfaction Guarantee: Vector Marketing will correct or replace the Cutco knives at no charge any time and for any reason.
Free Knife Sharpening: The company will sharpen your purchased knives at no cost whenever you need it.
15-Day Money Back Guarantee: Customers can exchange or return purchases within 15 days for a full refund. However, you must contact the company first to request your money back and include printed confirmation with your return package.
Vector Marketing Complaints
Preying on Naive College Students: The company places online and print advertisements directly aimed at college students. There are many complaints about these ads because they do not spell out how much the base pay is or they misrepresent how a person receives pay as a representative. Some ads claim that a representative can make $12-$18 per hour
Unclear Compensation: The company does not offer clear details on its website with how much it pays per appointment or what the commission percentages are. With the company being vague upfront on pay, it is highly likely you aren't going to make a good income from it. You may want to check out my Top Work At Home Recommendation instead.
Knives Aren't Great For Home Use: The knives feature a serrated edge, which isn't ideal when it comes to most home slicing tasks. If you try to use them to just up certain food items like tomatoes, you may end up with a hot mess. The knives don't stay sharpened for a long time either. You will end up having to send your knives to the company frequently over time for free sharpening.
Knife Sharpening and Fees: The free knife sharpening program isn't exactly free. Customers must pay shipping and handling fees ranging from $7 for 1-3 items to $10 for more than 4 items.
Damaged Returns: If you try to return an item and the company determines there was damage through your own misuse, then you will only receive a refund for up to half the original purchase price.
Previous Trouble With The Law: The company has had to defend its business practices on multiple occasions. Vector Marketing was accused by a recruit for failing to comply with New York labor laws and found guilty. Alicia Harris filed a lawsuit in 2008 against the company for failure in paying adequate wages and coercion of employees for illegal patronizing. A final settlement worth $13 million is still pending. Vector Marketing made an agreement to stop misrepresenting its compensation plan in 1990 after a lawsuit from the Arizona Attorney General. In 1994, the state of Wisconsin ordered the company to stop providing potential recruits with dishonest information.
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So is Vector Marketing Legit or A Big Scam?
Vector Marketing appears to have cleaned up it's act. But they had a troubled past with various lawsuits about their deceptive marketing tactics to recruit distributors. Things seemed to have improved of recent and Vector marketing reps receive a base pay per appointment plus commissions for selling kitchenware products. Another nice feature is that there is no cost to become a distributor.
However, the company still isn't upfront on what you can actually make. So I'm not sure if I would be interested in this opportunity for myself.
I'm a big proponent of multiple streams of income to make money from home. But you need to find the right type of companies. That said, I highly recommend you start by checking out, Swagbucks.com my Top Work At Home Recommendation and my Work At Home Courses. But that's my two cents.
I'd love to hear what you have to say about this company and your experiences with Cutco knives so please feel free to leave your comments down below. And if you enjoyed this review, please free to check out my other work at home reviews as well.
Until next time,
Eddy with a y