Want to get paid preforming infomercials in people’s homes? This Cutco MLM Review won’t be as boring to read as the other reviews. Pedal some knives and get paid. It’s just that easy!
Have you ever woke up and wished that someone would just show up and tell you about the best knives in the world? No! Me neither. How the heck have they sold so many knives, and I don’t know anyone that has any? I guess this means that I might be able to sell a fair amount of them.
Anyway, is selling Cutco the right real business for you? Keep reading to find out.
What I Like about Cutco MLM
You can get paid for demonstrations even if there isn’t a sale. (qualified appointments only, whatever that means)
The Forever Guarantee on products
No sign up fee
What I Don’t Like about Cutco MLM
10% commission on sales. BOO! That’s pretty Low for MLMs
You don’t get paid for your training
Vector Marketing (the MLM part of the biz) has a pretty dark black eye
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Summary of Cutco
According to Wikipedia, Cutco has been around for a long time. The name has changed a few times, but the Cutco name started in 2009. They pride themselves on products being American Made and the Forever Guarantee. This is how they market them for such a high price I take it.
Cutco has a whole bunch of products to choose from, but their focus is on kitchen knives. These products are marketed to customers trough in-home demonstrations by independent sales representatives. They target college students for sales representatives.
Vector Marketing is the company Cutco uses to recruit the representatives to sell the Cutco products. They are the advertisers of the Cutco MLM. There have been many lawsuits brought against Vector Marketing in the past which has given them somewhat of a black eye.
Are Cutco Products Worth Their Price?
So let me get this straight. You just came to my house to show me some knives, and now you want me to throw down about $1,300.00? Does that come with a special bonus? Maybe, some words of wisdom at least? Please replace my tomatoes you made tomato sauce out of.
Do people really pay this much for kitchen knives? Maybe I need to see a presentation to understand.
The Cutco MLM Opportunity
It seems fairly easy to become an independent sale representative with Cutco. You sign up, (no fee) go through the training and start setting appointments to demonstrate the products. Even if you don’t make the sale, you can get paid a little for the demonstration. This probably shouldn’t be your ultimate goal though, as I doubt you can make much all said and done.
You get a lousy 10% commission on the purchases your buyer makes. This seems very low given the time and effort it would take to get someone to hand over around a grand to buy some knives. Tough gig!
What Is The Cost To Join Cutco?
There is no sign up fee, you don’t pay for a sales kit or training. This usually isn’t the case with MLMs so you got that going for you, which is nice.
What about the hidden costs? You will need to go through training. (Time you are not paid for). You will need to set up some type of business. (Lots of different costs involved with that). You will have to travel for demonstrations. (No car or gas allowance.) There are many other things to consider doing it correctly for sure.
Can You Make any Money with Cutco?
Sure you can. You might spend an hour pitching a $1,300 set of knives and hopefully in the end they will at least buy a potato peeler from you out of sympathy. That would cost them around $40. Your commission is 10% on $40 they spent. This is a big 4 bucks. Nice!
The problem I see is that many people won’t spend this much on a set of knives no matter how sharp or good the guaranty is. Let’s be honest, it will be a tough sale to make over and over. Your percentage of sales to demonstrations would be pretty low even if you are a seasoned door-to-door vacuum sales person.
It’s going to be tough to hustle these products and make any real money. I know, I know, there are people that have had big success with it, but they must be very passionate about selling kitchen knives.
You can get paid for qualified demonstrations even if you don’t make a sale.
Make sure you know what constitutes a qualified demonstration, so you don’t get burned by this rule. If they buy that $40 potato peeler you probably don’t get this. But you get your $4 smackers alright!
The Forever Guaranty
This is a sweet tool in you sales toolbox since, you will be asking people to throw down possibly more than they spent on their first car.
No sign up fee
Most MLMs want you to pay them to become some sort of sales person for them so this is a bargain. Just make sure you explore the hidden costs of a business of this type.
Come on man! This is way too low for most MLMs. Think of all the effort you will put into making some sales. 10% is just too low in my opinion.
You don’t get paid wile in training
This is actually typical of most MLMs, but I put it as a con since they target college students.
Vector Marketing MLM has a black eye
There have been many lawsuits brought against Vector Marketing in the past. These have forced them to change the way representatives are compensated in some ways.
Is Cutco MLM a Scam?
Although it is a MLM, Cutco is not a scam. The mlm part of some companies will show you the best case scenarios of success. This gets your emotions flowing and some people make business decisions based off of them.
Don’t let your emotions control your decision of what business to get into. While some people can realize great success with these models, there is an overwhelming number of people that end up not making a real business out of them.
They get in with great drive, then the drive slowly goes away, and many end up with a lot of time wasted and move on to something better. The 10% commission certainly doesn’t help in my opinion.
This does seem to be a good way for younger people to get out there and learn some sales though. This would have been beneficial for me when I was younger and very shy.
Do you have a great passion for demonstrating kitchen knives in someone’s home? If so, go for it! Please do some more research on it though. Make sure you are willing to put in the kind of effort it will take, for the long run to make something real happen.
There are a lot of ways to have your own real business with a flexible schedule out there. I suggest, you first decide what you want to sell for the long run. Get a website and build a real business. If you are ready to start somewhere with this, check out my #1 recommended method for starting a business. This is an opportunity to start training for free, with 2 websites, all the tools to build them, all the training to build them and 24/7 support. Start building a real online business today!