Once you check online, the internet provides you with tremendous ways to make money online. If you ever typed such a search, Cutco is likely to be one of the suggested companies.
This might leave you asking yourself is Cutco a pyramid scheme?
Cutco is not a pyramid scheme. Its initial model operates as a direct sales model, allowing students to earn commission from their sales. However, the manner in which the new CUTCO at home operates seems like a pyramid scheme in disguise.
If you have ever dealt with one such company, Cutco, or perhaps bought their products, you might be wondering how it operates. Because you wouldn’t want to get involved in one or realize later that it was a scam.
You probably heard rumors or have gone through reviews that talk ill of Cutco and you’re hesitant to either buy their products or work for them. Plus, the thought of being in a position to make $15 an hour on Cutco can make you ask if it is a pyramid scheme.
Therefore, to find out the answer to this significant question, and explore more on Cutco, keep reading.
Is Cutco a Pyramid Scheme? (Detailed Review)
Pyramid schemes are not approved by the laws of various lands. Plus, you are not ready to lose your hard-earned money in such a scheme, are you? Therefore, whenever you hear of opportunities for earning money online, you want to investigate more and find out how they operate.
However, before you decide to either work for Cutco or buy their products, why not make a point of researching more on this company to find out you can make legit money from it?
What is Cutco?
Cutco is a proven company dealing in direct sales of knives and other cookware products. It was started in 1949 and makes high-quality products in the USA. Some of the Cutco product categories include;
- Kitchen knives
- Cooks’ tools
In these categories, there are price ranges for each.
Besides, it has a distributor, Vector Marketing, and a different variation, CUTCO at home, which aims at helping stay-at-home mums make money by selling Cutco knives to their friends and families. Also, they can try recruiting such people into the scheme.
This newer model also earns you bonuses on the sales made by individuals you recruited.
They offer sales training to their members. After this, they are required to sell these cutleries and eventually earn commission on their sales, usually 10-15%.
They produce good quality products. However, they are expensive. This means that if you are a Cutco representative, you should approach or sell to individuals loaded with money.
Once you become a Cutco member, you can learn and develop your skills in sales and leadership. What’s more, they don’t charge a fee for joining. If you are a student, you can consider joining since you are their primary target.
You can arrange a presentation by organizing your family members and friends, then try selling them Cutco knives.
Is Selling Cutco Knives a Pyramid Scheme?
If you are a student selling knives using the traditional Cutco model, you are not engaging in a pyramid scheme. As a direct sales company, Cutco pays you a 10-50% commission on your sell products. This is the only way through which you make money.
Therefore, selling Cutco knives is not a pyramid scheme or a scam it’s a real job.
How Much Do Cutco Sales Reps Make?
As a Cutco sales representative, you earn from the commission on your sales. Therefore, how much can you make?
First, you should keep in mind that this is a direct sales company you are handling. Therefore, you earn based on your sales. Moreover, the Cutco products are of high quality, hence, very expensive. This leaves you with a limiting group of individuals who are willing to pay the Cutco price for the knives.
Suppose you sell a Cutco knife costing around $100; you will earn a 10% commission on that, meaning you make $10 for the item. With this amount in mind, you have to interact and organize a meet-up with several people to deliver your presentation, then only be optimistic that they will purchase a product.
Therefore, the more you sell, the more commission you earn. However, meeting individuals who are ready to purchase expensive knives might not be straightforward.
Is Cutco a Multi-Level Marketing Scheme?
At this point, you might have heard others say that Cutco is a multi-level marketing company. However, how true is that?
Cutco is not a multi-level marketing scheme. Rather, it is a single-level company dealing with direct sales. This is because if you are their representative, you do not establish a downline and get commissions or bonuses from them.
You earn money based on the commission you get after selling the Cutco products.
Is Cutco A Legit Job?
If you fell into a scam trap, you wouldn’t want to experience the same. Therefore, if you are thinking of either joining Cutco or purchasing any of their products, you might wonder whether it is a scam or not.
To clear off the doubts, Cutco is a legit job. They sell legit products; you don’t have to stress. Plus, they go as per their word by paying their representatives as per the agreement.
However, there have been lawsuits against the company, which brings confusion, making it hard to know if the job is legit. This can be attributed to their marketing which claims that individuals can make up to $15 an hour.
Regardless of all that, this is a registered company that deals in genuine products and has real representatives, who they pay as per their word.
Frequently Asked Questions
1. Is Cutco Worth It?
If you are a student who wants to make money, then Cutco is worth it. However, be prepared to look for clients all over to earn your commission. You might end up going through all your contact list to get an individual who purchases a Cutco product for you to make a commission.
Also, as much as you can enjoy some flexibility, you should be ready for their scheduled meetings. On the positive side, it gives you a good sales experience.
2. Does Cutco Pay Well?
If you want a reasonable job that pays you depending on how hard you work, then you can consider Cutco. Also, remember that you will earn commission based on the sales you make. However, you must consider the amount of time you invest in this job.
Therefore, when it comes to making money with Cutco, it is not an easy task. If you have good charisma and your sales skill are on top of the game, it can pay you well.
3. Is Cutco a Good Job?
If you want a flexible job that allows you to work when you want according to your schedule, Cutco is a good choice. Therefore, it is a good job as long as you are ready to work hard.
Remember, the more you sell, the more you earn. You work for every money you make.
4. Why is Cutco Bad?
You can say Cutco is bad, depending on your experience working for them. Also, depending on how you found their knives and cutlery, you might gauge whether they are bad or not.
Also, their products are costly. However, remember that they are of good quality.
On the other hand, some Cutco-ex employees complain of the frequent meetings scheduled. Plus, if you don’t like selling to your family and friends, you might see as if Cutco is bad. This is what they encourage, and if you don’t like it that way, chances are you will find faults in their company.
5. What is Wrong with Cutco?
There is nothing wrong with Cutco. The company has been experiencing high turnover rates for a long time. This is because most people do not necessarily check the job requirements well before joining.
If you do not like to sell, or schedule meetings with strangers you are most likely to get bored after a few months.
Also, because the company primarily recruits students, it is likely once someone is done with school, they get busy and forgo the job.
Also Read: Is Arbonne Legit or a Scam?
If you are a student, a stay-at-home mom, or you simply want to make some extra cash, no doubt you might have searched for ways of making money online at one point. Plus, many companies and businesses are giving you room for this.
Cutco is a single-level company dealing in knives and other kitchen cutlery. The above information about Cutco; what it is and what it involves have helped you get an answer to the question, Is Cutco a Pyramid Scheme?
As stated, Cutco is not a pyramid as they sell real products and pay their sales representatives the promised 10-15% commission for all their sales.
You can always research more on this company before deciding to either purchase their products or work for them. The more sales you make, the more commission you earn.
Cutco allows students to earn commissions on their sales. So you can earn $15 an hour on Cutco.
Yes, Cutco Knives operates as a multi-level marketing (MLM) company, and MLM is a legal business model in most countries, including the United States where Cutco is based.