Cutco Pyramid Scheme: Is it Really What It Says?
What is Cutco Cutlery?
This is another MLM (aka Network Marketing or Pyramid Scheme) program whose primary purpose it to sign you up, purchase a product package, and then get you to sign up friends, family, co-workers, and others to do the exact same thing.
It's true, it's promoted almost by every high-ranking MLM member who gets paid only through their affiliate links. Yes, that's right...
It's called sellouts.
Although it claims to teach you how to be a "Network Marketer", most members make very little money by promoting their products.
It's not true. You won't make a fortune from a 30% commission on an expensive set of knives you can buy at half the price at your local department store.
is our #1 recommendation for online success. It averages $1,500 per month.
We have to be truthful in this review.
Cutco Cutlery has some great information that will help you make money online and get decent commissions.
You'll find answers to some frequently asked questions about Cutco Cutlery, and network marketing generally at the end.
Most importantly, I will show you how I built my internet marketing business to more than $40,000 per month mostly passively.
This system made me swear by Network Marketing! It uses the same skills, but it is much more powerful and lucrative.
Let's get to the heart of Cutco for now!
Is Cutco A Pyramid Scheme? Is it possible to make $15 hour selling knives?
Let's clarify this.
This is likely because you heard of Cutco's $15 per hour rate.
Scammers are becoming more common, and I have become even more passionate about teaching and reviewing money-making opportunities such as this.
This article will discuss the advantages and drawbacks of joining Cutco Cutlery.
We will be reviewing Cutco from multiple angles in order to determine if it is truly the best network marketing platform.
We will discuss whether network marketing is the right model for your online business.
Let me answer some of your most common questions about Cutco and MLMs generally.
Cutco Review: The Overview and Rankings
Name: CUTCO CUTLERY
Founder: Alcoa Company in 1949 (now owned and managed by Vector).
Type: Direct sales of cutlery
Products (Including Pricing), 60 out of 100
Success Stories: 30 of 100
Price to Join: Free - Previously $300+ (100 of 100).
Summary: Cutco, a direct-sales company for cutlery and cookware, pays $15 per successful presentation it makes with potential customers.
Make Time Online Rating: 60/100
What is Cutco Cutlery?
Cutco Corporation, a privately owned company, is a direct-sales company for cutlery based in New York. It sells through Vector marketing, an MLM model, or multi-level marketing.
Its primary goal is to offer a business opportunity for parents and students who are unable to work, as well as employees, where they can earn a 10% commission by selling knives.
They offer high-quality cutlery, cookware, and a lifetime guarantee.
Cutco was founded in 1949 and was designed and developed by Alcoa and Case Cutlery.
Alcoa bought Case's shares in 1972, according to history. Alcoa bought the company in 1972.
Alcas purchased Vector Marketing Corporation in 1985 to serve as its MLM arm.
What is Vector Marketing?
Vector Marketing Corporation is Cutco's MLM marketing division.
Vector Marketing Corporation manages the MLM operations and Cutco at Home is Cutco's sole distributor.
They target high school graduates, college students, and stay-at-home mothers by offering a money-making opportunity that they can easily do as a side business.
Cutco's MLM arm, recruit people to help them earn additional bonuses. They are also recruited to sell door-to-door.
I don't believe that being a door-to-door salesman would be a viable career in 2021.
Cutco Cutlery Product Line
Cutco is one of the most prominent direct-sales companies in the world. You can sell knives as a part-time job.
Anyone looking for high-quality blades should consider the Cutco line.
These knives and other kitchen items are very popular due to their durability and high-quality materials.
Vector Marketing offers products in the following categories:
Cutco's flagship product is the Cutco Knife Sets, which are priced anywhere from $280 to $1,212. It features a patented "Double D" recessed edge in 440A stainless steel that allows for precise cuts.
These knives' handles are made from thermo-resin, which is a material that increases dishwasher endurance, strength, and durability.
My opinion is that the greatest reason people continue to buy knives from Cutco is the lifetime guarantee.
Here are some customer reviews
Are Cutco Products really effective?
According to the many positive reviews that I have read online, yes. Cutco knives do work!
Many websites even recommend them.
They have 96k followers and a large social media following.
You can view actual product reviews by visiting their consumer affairs profile.
Let me first remind you, I am not referring to its quality.
In the next sections, we will discuss the money-making scheme as well as the recruitment process.
How to Make Money with Cutco Cutlery?
Cutco Cutlery membership is easy and free.
Twenty years ago, agents had to purchase a presentation kit. Cutco provides this kit free of charge for "active representatives."
By recruiting sales and marketing people, the company can reduce its advertising and marketing costs.
This can help you earn a 10% commission.
First, let's clarify what it means to be an active representative.
According to what I have learned, active sales reps must sell $100 worth of cookware or cutlery each month.
Failure to comply with this requirement will result in the sales reps being required to return the product or to purchase it at half the price.
What about the $15 an hour advertisement?
This is a highly-hyped advertisement.
It is actually a $15 per successful appointment with potential buyers or members.
Sales reps will require that potential buyers and members have their phone numbers and emails stored in their client database.
It is very simple.
- Interviews will be conducted in multiple steps.
- After you are hired, they will offer you a 3-day training course.
- They will ask for a list from you of potential referrals.
- They will provide you with a presentation and a sales script to help you reach your potential clients.
- You can earn a commission of 10 to 50% on all sales, or the guaranteed base salary of $15, depending on your level of experience.
Cutco Cutlery has a Compensation Plan
Cutco's website will show that they stress that the business opportunity that they offer isn’t a “get-rich-quick” scheme.
It takes pride in perseverance, effort, and dedication.
Cutco says that this side job will make you money if you are persistent and willing to sell.
Based on the number and type of sales, the following table shows the commission structure:
My research shows that Cutco has two types of compensation plans.
- Basic Cutco Compensation Program
- Cutco At Home Compensation Plan
There are two ways to earn with the Cutco At Home Compensation Plan:
- Sales Commissions
- Your downline sales generate bonus
Cutco Cutlery: The Ugly Truths
Cutco's money-making scheme has many downsides, which I will highlight here.
Here are three things I find to be very skeptical about this business model:
- Cutco products can be so costly. They are so expensive, even if they are made of top-quality materials and skilled craftsmanship.
- Cutco employs very traditional sales techniques. Cutco's salespeople go door to door and are given scripts that I feel are inadequate for making significant sales in technology-driven industries.
- Cutco's compensation programs make it impossible to earn passive income.
What do I like about Cutco Cutlery?
Below are some of the major benefits of Cutco Cutlery.
- You will be paid $15 for each successful appointment. They promise to pay you $15 for each successful appointment if you present clients and they may offer more if prospects make a purchase.
- Cutco's products have received a lot of positive feedback. Cutco products are being recommended by many people. It is notable because chefs around the world are using them or recommending them.
- They also have a large social following with over 96k followers. These are the qualities that make a product and service reliable. One user in Los Angeles said that the knives were high-quality and had elegant handles. They also come in a variety of colors. After receiving my knives, I began to cook more. Cutco also sells gardening tools .", which was a pleasant surprise.
- Cutco offers proper sales training to every new hire. A well-written, starter pitch script is provided to them. You can modify it as much as you wish. This training will help you develop your leadership and selling skills.
- Cutco was ranked among the top 20 direct selling associations in 2016.
Bottom Line: Is Cutco A Pyramid Scheme? Is it a scam?
Cutco Cutlery can be easily described as a pyramid scheme. This is mainly because of the way their system works.
It's not a scam and it is a legit multi-level market company that sells quality products that customers actually recommend.
It's a great product and I would recommend it to anyone. Positive customer reviews are enough to prove my confidence in its quality and performance.
Cutco uses a direct-sales model, where your only source of income is sales commissions.
In reality, how many knives are you able to sell each month when you consider the high price of the products?
What number of people are willing to spend that much on a knife set? Your family and friends would likely be your first customers.
I hope this review helped you make a decision about whether to invest in this company.
Other legit money-making opportunities exist and I have some recommendations that you might be interested in.
It is possible to create a successful, profitable network marketing business. But there are other ways to build a company than network marketing or affiliate marketing.
It is unlike network marketing in that it provides actual proof of success from people who have been there just a few days before.
Steady Calls is the #1 Recommendation for Making Money Online in 2021
Our review team discovered a program that is top-notch in the real estate industry!
It's digital, but not real estate.
Cutco Cutlery is not able to help you make money online. This is because of its inability to scale.
You have a limited amount of time and you only have so many people to reach.
MLM companies are aware of this fact!
They will push you to recruit for your team...you won't make it as a one-man/woman show.
What if you could make more money from your local websites? Without spending hundreds of dollars on expensive products or spending a lot of time recruiting people who will sell under you?
This digital real estate program will allow you to make a recurring monthly income, even if you don't sell as often to your friends or recruit!
Does it sound too good to be true
It does, of course!
It's not, however. In fact, many business owners wish that they had this skill.
You can simply build and rank a local website, and then forward the jobs to a business owner.
This applies to any service-based business such as tree service, plumbing, or towing.
What are the best ways to get paid?
It's simple, once you have sent the jobs to a business owner, he makes some money from them, you just ask for mutual benefit.
Based on the industry, a fair price per lead is between 10-20 %... let's take the tree service industry as an example and use the worst-case scenario.
Let's suppose you rank the site, and that only 10 jobs per month are received. Tree service jobs can range from $500 to $2000.
This means that you should have at least $500 per month in assets!
It's digital real estate, which is why they call it now. This is a rent payment.
It is easy to scale. There are no worries about:
Cutco Cutlery is like any other company: You get only what you can eat if your monthly quota is met.
You can actually get huge FLAT RATE DEALS by taking the course that we recommend. This is truly passive income!
This training program will take making money online to another level. You will be guided by the owner of the program, who will also share his screen and occasionally speak to you.
Learn the importance of keywords and website names, how to send calls notifications via email, backlinking, and other details.
After the training program is complete, you will have access to a Facebook Group that we think is better than the Cutco Cutlery one. This group is more active.
Cutco Cutlery is only $10 per sale. You could get 10-20X that with Cutco Cutlery.
Businesses will always need more leads and another job. It doesn't matter if the job isn’t coming from their website. They see it as it is...expanding their digital real estate.
Cutco Cutlery is not the only company that allows people to quit their 9-5 jobs.
You can have passive income from digital real estate, but most of your time will be spent with your friends and not selling to them.
You probably have a lot of questions.