Cutco Corporation is a privately owned company who have been manufacturing and selling their products since 1949. The Cutco products are distributed exclusively through a subsidiary company, Vector Marketing.
It never ceases to intrigues me when people ask me the question if an MLM company is a scam.
To decide if something is a scam is useful to have in mind the definition of a scam. A scam is defined by the Cambridge Dictionary as ‘an illegal plan for making money, especially one that involves tricking people’.
When it comes to Cutco and Vector Marketing the answer is definitely NO, it is not a scam. Just in case you are wondering I am not affiliated with Cutco or Vector Marketing in any way – I have not ever signed up to sell their opportunity and I have never bought any of their products. However I have the experience of setting up and running my own business that went on to do hundreds of millions of dollars of business over the time I was involved with it. Also I have been involved with companies in the MLM profession over a period of 25 years. With this experience I am able to look at a business opportunity in a way that allows me to see things that most people won’t see on the surface.
[adsanity_group num_ads=1 num_columns=1 group_ids=74 /]Cutco Corporation has been operating for more than 65 years The Cutlery subsidiary that manufactures the CUTCO brand produces more than 100 kitchen cutlery items, such as paring knives, butcher knives, flatware, as well as other kitchen utensils. In North America its cutlery is sold through CUTCO retail stores and also via home demonstrations by independent sales representative through its subsidiary, Vector Marketing. They also distribute the products in other countries such as the Canada and the UK. Additionally they also make fighting and utility knives for the US military as well as hunting, fishing, and pocket knives which are retailed worldwide by retailers. Plus the company’s Schilling Forge business provides precision forgings of medical instruments, cutlery, and hand tools. The Cutco Corporation employs over 800 people and has estimated annual revenue of over $250 million.
This article is focusing on the distribution of the Cutco kitchen cutlery items and other kitchen utensils through Vector Marketing. Vector Marketing is a member of the Direct Selling Association (DSA).
When you sign up as a independent sales representative you can make money from direct sales of Cutco products, and also from the sales of anyone who you introduce to the company who then go on to sell the Cutco products. The company does not claim to be an MLM company but it could be classed as one with the opportunity to make money from the sales of anyone that you sign up to one level deep.
When people ask me a question such as ‘Is Cutco a scam’ this more often than not because of limited knowledge of the legal requirements that a business has operate within. If the Cutco business opportunity is actually an MLM opportunity the company also has to operate within an extra set of legal parameters in the US and in other countries around the world. Many people don’t realise this and will confuse a legitimate MLM opportunity with a pyramid scam. This happens because a lot of people who haven’t bothered to get to understand the laws that relate to MLM companies in the US, which date back to an FTC case in the late 1970. When people understand what is a legal business structure for a company, and they then compare this with Cutco and Vector Marketing they soon realise that the Cutco opportunity is offering real value to the market place and is a real home business opportunity.
[adsanity_group num_ads=1 num_columns=1 group_ids=73 /]Cutco has a fantastic range of quality kitchen products that come with a lifetime guarantee that includes free sharpening of utensils. I have never used the Cutco products before but since finding out more about them I could very well buy some in the future.
When you sign up to sell Cutco products you are self-employed and are running your own business. To get started a sample set of knifes costs $144 for a set that has a retail value of $540. The sample set can be returned for a refund or sold in the suture. Retail sales of Cutco products receive a commission of 10% up to 50 percent depending on the volume of sales that is made. If you sign up someone who goes on to sell Cutco products you make 2% commission on all of their sales.
When I have looked at what the actual distributors who have been selling the Cutco products for a long time have to say about the Cutco opportunity. They are clearly making money from selling the Cutco kitchen product. The verdict on Cutco is that it is not a Scam.
If you become involved with Cutco instead of wondering whether or not the business opportunity is a scam it would be more beneficial for you to learn the essential skills that are required to take your Cutco business to the next level.
There is a Free Video Here which will give you the information that you need to recruit people into your Network Marketing business. This video will show you how to recruit in the way that some of the biggest earners in MLM do. This information is not taught to you by Cutco so make sure you see it here.
Using the information that you will learn you will discover how you can recruit people other than friends and family into your Cutco business. Also you will learn you to access people who are eager to get involved with your home business opportunity. So click here now to get the information that you need for your business to grow and become a success.
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