1 definition by Bill N. Cate
Vector Marketing is a subsidiary of Alcas and controls the general sales of a line of kitchen cutlery called Cutco. There has been much controversy surrounding the trio of companies. Vector and Cutco rely on advertising by word-of-mouth and making no cold calls to homes, and going in and performing hands-on demonstrations of Cutco products. Some claim that they are perfectly legitimate, and there are more than a few success stories within the business.
However, others believe that it is a huge corporate scam, luring in new college kids who're wet behind the ears at jobseeking with vague employment ads and job descriptions, and generating a false sense of competition. Reps may be offered anywhere between $10 to $15 per documented appointment, regardless of sales but with a cumulative incentive rate. However, sales reps will have to use their own car to drive to their appointments within a 10 mile raduis, and neither Vector nor Cutco will pay for the gas. The 9-hour training is unpaid as well.
Some go further, claiming that what the young sales representatives are taught does not match up to documented facts about Cutco knives and the materials used in them, and that they are fed misleading information about their competitors and told to, in turn, feed that to the customers. Also, new reps are to first sell to their family and friends as 'field training'.
As it stands, the scam testimonials are far more numerous than the success stories.
However, others believe that it is a huge corporate scam, luring in new college kids who're wet behind the ears at jobseeking with vague employment ads and job descriptions, and generating a false sense of competition. Reps may be offered anywhere between $10 to $15 per documented appointment, regardless of sales but with a cumulative incentive rate. However, sales reps will have to use their own car to drive to their appointments within a 10 mile raduis, and neither Vector nor Cutco will pay for the gas. The 9-hour training is unpaid as well.
Some go further, claiming that what the young sales representatives are taught does not match up to documented facts about Cutco knives and the materials used in them, and that they are fed misleading information about their competitors and told to, in turn, feed that to the customers. Also, new reps are to first sell to their family and friends as 'field training'.
As it stands, the scam testimonials are far more numerous than the success stories.
"So I hooked a job with Vector. Man, I'm gettin' pumped!"
"I've been with Vector for five years, and I'm making loads of money!"
"Aww, man! Vector totally scammed me! I'll never get those hours back!"
"I've been with Vector for five years, and I'm making loads of money!"
"Aww, man! Vector totally scammed me! I'll never get those hours back!"
by Bill N. Cate June 22, 2006