Door to door marketing sounds so much a 1900’s idea..But mlm companies like vector marketing are keeping that tradition alive.
Vector marketing is a very famous network marketing company that sells cutco knives.I recently reviewed Cutco which is also a network marketing company and they also focus on selling knives.
If someone in the USA approached you and offered you a set of knives,they were probably associated with vector marketing.
They will be sharply dressed and well trained.
Or maybe some college students who want to make some extra money.
Vector marketing is trending more and more on google and this trend seems to be increasing with every passing day.
The company is growing day by day,but is it legit or a scam,this is the question that most of the people on the internet asks google.
Well in this review I am going in depth of this network marketing company.
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Vector marketing is a network marketing company which sells knives and kitchen tools.
There are a wide range of products in vector marketing but they mainly focus on knives sets.
The knives sets are quite expensive as compare to the market price.
Like I said, if you want to make money with cutco or vector marketing then deal with the complaints.
Most of the complaints are related to the price of the knives.
But the good thing is that they offer a lifetime guarantee and sharpen whenever you want.for free.
The ultimate set contains 32 pieces of knives which includes an oak block with honey or cherry fish.It can be either of both.
The homemaker set consists of 10 pieces and it has real quality too.
The other set name is space saver set and it includes 5 knives.
Studio set has 4 knives.
Overall the quality of all of the products are very good and something that all of us want to be in our kitchen and love to cook with these tools..
Is Vector Marketing A Scam?
If you are looking for a straightforward answer than here it is.Vector marketing is not a scam.
They are selling products which are real and have quality too.However,some people are saying it is a scam.
Not because it is a scam but because they have some issues with this mlm company.
We will talk about cons and pros of vector marketing in the end of this article.
Most of you are here to read this review because of 2 reasons.
First one is that someone in your family and friends circle recommended this mlm company.
Recommended may not be a suitable word for this.I can say force.Most of the people try really hard to sell mlm because they do not know how to sell.
The other one is that you may be searching for mlm companies on google to make money and came here.
You are in luck,here are some complaints about vector marketing on google.
Let’s talk about how to make money with vector marketing and how it works..
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This is something unique that people want to know more about vector marketing in detail.There is no cost for you to join this company.
If you want to join vector marketing,it works the same as cutco.For this you have to apply to be their sales representative.
Once you become their representative,they will issue you cutco knives,On loan of course.This is because this is the cutco knife that you will to show your clients.
As long as you want to remain with this company,they have an offer to give you these sets of knives on loan.
If somewhere you want to quit and fail to make money selling cutco,simply return them their knives.There is no hidden cost to join this mlm.
This is a good thing and the decision by the company,the knife companies I reviewed before charges money to work with them like cutco.
The company vector marketing was founded in 1981.
This means like all other new mlm,it’s not the one who is trying to scam people.
Think like that,there is something unique and profitable in this company that people still have interest in.
Also,the company has been in the scene for 40 years among all other competitive mlm companies.
Revenue of vector marketing is $245 million,these are not small numbers.
There are 5560 distributors of vector marketing around the globe.
You are not the first that is going to join vector marketing.But the question is how many of these 5560 distributors are actually making money with vector marketing?
I will answer this and open your eyes.Good thing is that vector marketing is BBB a+ ratings.
Lawsuits Against Vector Marketing
This is a very alarming thing about vector marketing.
Not one,two,three there are several lawsuits against vector marketing.
Some of them are still going on.First lawsuit against them was issued in 1990.
When the Arizona Attorney General sued them for deceptive recurring commissions.
Second lawsuit was sued against them by Wisconsin in 1994 to stop deceptive recurring techniques.
In 2008,they were hit by class-action for not paying wages to its sales representative.Another lawsuit was that they are paying a very minimum amount of money to its sales representative.
In 2013,they had a revenue of 13 million dollars.In 2014,they were hit by lawsuits and the issue was the same.
Not paying their sales representative enough money,the lawsuits were quoted in different cities of USA.
The cities included were NYC,CALIFORNIA,FLORIDA and OHIO.In 2014,one of their sales representatives was drugged and raped while selling knives door to door.
This is why I hate door to door marketing too.It’s very unethical and who knows the response of the person who is in the house with frustrations?
If you are a woman,Please do not join this.I have a better online business for you,keep reading.
That lady later sued the company for not teaching her how to handle these kinds of situations.
In 2017.they gave 6.7million to the sales representative after they sued them many times.
In 2018,another lawsuit against them by a random person.
Who says that they should hire its representation as an employee not on commissions.
Why?Too much work and it is not just like what you think it is?
Making Money is Tough
Making extra cash with vector marketing seems to be very hard with.
This is because there are many more suitable make money options than vector marketing,we will talk about it in detail..
One of them I reviewed is cutco,pampered chef,,neways.But stick with me here..
Here are the facts that I think you must know about vector marketing if you are going to join it..
1 – Marketing For Cutco And Cutlery
Most of the people do not know it,but cutco is a sales representative of a company called cutco.I have reviewed cutco on beastreneur,you can read it here,
Cutco cutlery is a company that has been in the scene for almost 48 years and it’s a very much trusted company.
Cutco cutlery was a very famous brand in america at the time.
There are almost 15 million people who have cutco products in their kitchen and use it for cooking purposes regularly.
Its not just another mlm company that is trying to give you an opportunity to make money,it is a brand..
They also do very good job with their sales representatives.
2 – Recurring Target Students
Some of the companies claim that vector marketing is the most famous MLM company among students and old graduates.
They offer job interviews for becoming sales representatives with them regularly.
It is one of the best opportunities for the people who want to make some extra cash from home.From home lol?
Until they came to know that it was not that easy what they are thinking about them..
3 – Growing Day By Day In Canada
While they are a very famous brand in America,most of the people do not know that this company is actually doing really well in Canada. Well.
It is growing in Canada day by day and has been there for almost 25 years.
Their sales representative in Canada is a kickass and has been really great with this company.
The company gave several rewards to her.Her name is DICKIE.She resulted in the company $45,0000 in sales.
So,yes it is good to see someone actually having success in vector marketing..She recently won canadain best sales representative award.
4 – Knife Parties In Vector Marketing?
It just does not work like this.I do not know why they are relying on this type of marketing.
This means for making money from vector marketing they are teaching students to sell door to door.
First of all it is not ethical in my point of view and also I really do not liked the idea of going door to door and working hard for pennies.
This is not a business one should want to start..
5 – Commission For Nothing
Yes,commission for not selling products in vector marketing.
Vector marketing offers people commissions just to attend appointed home parties.And the commission amount is $15.
They claim that we are doing this for completely free and our sales representatives have to do nothing at all.Not selling, just attending and making money.
The owner says that we do not want our workers to take much stress that is why I do this,but there is a catch.
They are doing this because they want you to pitch their products on these appointment which is not mentioned on their website.
5 – Commissions upto 10% in Vector Marketing
The income potential with this mlm is very very low in my opinion.
They are just giving you 10% commission on each sale which is very irritating sometimes.
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Vector marketing is a well known company that is among the top 20 mlm companies around the USA.
They were also named in the top 20 on the list of direct selling brands.
7 – Offices For Representative
Who the fuvk would not like to work with like minded people.
Like other mlm companies it is not a remote work.
In fact it has over 250 branches over america in different cities.
8 – Opportunities For Students
There is an opportunity for young students to make money from vector marketing.AN opportunity is still an opportunity.
You know what I mean?
Yes that is right…They give students who are 20,22 years old make money opportunity.But still hard work is key to make money with mlms and most of the people end up losing money.
9 – Vector Marketing Free To Join
Now,this is a very good initiative by the company.Back in 2011 the company charged people around $45 to start making money with vector marketing.
Or to join them.
No more.In fact you can start making money from vector marketing for completely free.
This is really good step by them specially for the students who can not afford to pay them 300 bucks for monthly membership..
10 Shocking MLM Statistics That You Need To Know!
- Almost 99% participants of all multi level marketing companies lose money,According to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these mlms.
- Success Rate of online business,which will give you financial and time freedom,is 20% more than joining mlms for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from mlms.
- According to the AARP foundation,47% distributors of all mlms lose their money,apart from this 27% do not make a single penny.
- Remaining 26% that actually make money,53% of them make less than $5000/year.
- 39% among those 53%,who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with mlm,because 50% of all mlms participants quit within one year.
- 75% people that join mlms say that they will never ever join any kind of mlm.
- A poll was conducted in 2018 among 1050 mlms distributors and it was found that most of them makes 70 cents an hour and 20% of them did not make a sale.60% of them makes less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their mlms involvements.
SOURCE:
Is Vector Marketing A Pyramid Scheme?
Good question..Very good question.So,my answer is that vector marketing is not a pyramid scheme?
It is not forcing or teaching others how to recruit members in the system.
Most of the mlm that I viewed on beastpreneur were mainly focused on recruiting and that’s why people called them pyramid schemes.
No,vector pyramid scheme is not a pyramid scheme and is a legit way for you to make money with it..
But,here is my concern.Almost 99% of the people that join this mlm lose their time.
Why?They do not know how to sell.Simple is that.
Selling is an art.And it is not just that simple.I have been selling online since 2013 so I know what shit I am talking about.
The second reason Why I do not recommend it is that earning potential is very low.If you are looking into it just for fun,well go for it.If not,stay away from it.
Average person makes 47 dollars per month.
This is not going to make you financially free.Why not try my number one recommendation for you?
Not fond of mlms,been there done that.
Mlms are destined for failures.It is not a long term,scalable and sustainable business model.
That is why I highly recommend you to start a lead generation business,from today.
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