Young people throughout SoCal are receiving mysterious letters offering 'an important opportunity' for summer jobs. It's selling knives.
What the company is doing is recruiting young people to sell cutlery that costs an average of $366 but can runfor a high-end set. Vector/Cutco temporarily switched from Avon-style home visits to virtual sales calls because of the COVID-19 pandemic.
If that sounds like a well-honed sales pitch, bingo. The people who succeed at this game are the ones who are naturally gifted at moving product — any product. But that doesn’t make this a pyramid scheme, in which money flows upward to the highest-level employees, leaving few proceeds for those at the base of the pyramid.As best as I can tell, Vector doesn’t rely on an endless stream of raw recruits to generate cash.
“In the world of business, lawsuits happen,” Koncinsky said. “We settled not as an admission of guilt, but to better invest our time and energy into the hardworking managers and reps that we serve on a daily basis.”that part of the reason Vector aggressively recruits inexperienced young people is because it wants them to get their feet wet selling knives to friends and family, who may be more likely to take pity and make a purchase.
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