Many of you may have heard of Vector Marketing, a company that is licensed to sell the top selling brand of knives in the United States, Cutco. In an attempt to earn some extra cash during my journey as a real estate investor, a gave Vector a shot. My brother had previously worked for the company, and I knew the product was good, so I thought to myself, “why not?”
The first days of training were the best: I got doses of the most positive reinforcement I’ve ever recieved, something I didn’t get much of as a child. My original intent was to work only a few hours per week, but I soon found myself wanting to work as hard as possible. My division manager Mike Dawid (awesome guy) even gave me access to several motivational audio seminars, as well as books written by past Cutco reps and Robert Kiyosaki. Ready to take on the world, I ended up selling $1,000 worth of Cutco in my first two days.
After about a week and a half, I quit the Vector program. I felt horrible for giving up on the team that was so inspiring to me. It’s not that the business plan didn’t work, because I know it does. If you want to make a few extra dollars selling Cutco, you definitely can if you’re dedicated. It requires spending a lot of time with your division manager and constantly improving your sales skills. This is a great business if you don’t have much money, and the promotions are there for those who want them.
However, my original intent was to make a few extra dollars and focus more on my real estate business. Vector was flexible with my schedule, but I was actually losing focus. I knew that in order for me to be successful at Vector, it took a lot of dedication between office meetings and calling prospects.
In addition, I learned that the real money wasn’t in the knives, but in recruiting. If you work hard selling Cutco you have the opportunity to become a division manager, which focuses more on recruiting sales reps. As a division manager, I’m speculating that one makes a percentage of sales off of the reps, in addition to other types of bonuses. I imagine this is where the true money is made. YES, YOU REALLY CAN MAKE MONEY WORKING FOR VECTOR! Too many people quit right away because they think it won’t work!
Vector requires that you invest a small amount of money for your demo kit and gas money, but this is true of any business. As for me, I didn’t have any extra money. My money was invested in my real estate, and I’m hardly rich as of right now. Therefore, I didn’t feel it appropriate to spend additional money trying to make it work.
I also didn’t wan’t to build a business on a product that wasn’t mine – that’s the bottom line. I had already experienced sales success when I worked in banking, and doing it all over again really didn’t seem that appealing, despite the large dose of enthusiasm and encouragement I received. Personally, I would rather work hard to be the one who creates the original idea. If you really want to be rich, this is truly how it is done. If you come up with just one good idea, you could hire all the sales reps you want. Then YOU get to keep the larger portion of the pie, not your division manager or regional manager.
Again, selling Cutco is great work if you have the time and energy to become a division manager and sell the system, instead of remaining a sales rep. In my case, my real estate business was most important to me and I would end up losing my properties if I didn’t stop spending money on gas and such. Honestly, I didn’t really spend that much selling Cutco, but it was more than I could afford at the time.
Overall, if you’re considering selling Cutco I would definitely recommend giving it a shot if you have time and a small amount of money. It teaches you the reality of trying to promote a product without any help – you are responsible for your own success like any business! That’s the beauty of it.
Does anyone out there have any experience with Vector????