In recent years, money-making schemes have come under increased scrutiny. One of the most common schemes is the so-called “pyramid schemes.” These are scams in which people earn money by convincing others to join and invest in their operation, without any real opportunity for profit. But what does this have to do with Cutco? In this article, we will explore how Cutco is not a pyramid scheme and how easy it is to make money selling knives!
What is a pyramid scheme?
A pyramid scheme is an enterprise that recruits others to join it, only to force those who invest money to pay large amounts to get their money out of the scheme. A pyramid scheme is one of the oldest and most common of all money-making schemes. It was so successful in the past, that it made many people wealthy — for a while. An estimated 20% of the population in the United States has been involved in a pyramid scheme, according to a 2014 report by CNN. What does this have to do with Cutco? Cutco is not a pyramid scheme. Cutco isn’t paying people to buy its products; Cutco is providing knives and the courses that Cutco offers to its members. (And even at this price, it’s not cheap, as you’ll see.) It’s also not paying people to recruit people to become members.
How is Cutco not a pyramid scheme?
Here’s a quick run down: Cutco is a family-owned business that was founded in 1887. It produces high-quality, award-winning kitchen products sold exclusively in the U.S. and Canada. Those products are used by chefs, professional and home cooks, and other cooks in over 45,000 retailers around the country and on the internet. In the last 10 years, Cutco has grown to over $430 million in annual sales. At the end of 2013, the company had 65 full-time employees and about 30 independent sales representatives. Cutco offers recurring monthly revenue, not just one-time sales. If you shop at Cutco, you have more than just a one-time sale. You can shop online or in-person. You can get coupons and extraordinary offers
How can I make money selling knives?
As the saying goes, when you sell a lie, you have to make a pretty good sales pitch to get people to believe in your business. If you have been in the knife business for some time, the following tricks of the trade should come easily to you. To make sure that you aren’t reading about the same company that you used to sell to, keep an eye on the testimonials on the Cutco Facebook page (this link takes you to a page from 2006 with 20,000 testimonials). After years of salesmanship, they have honed the art of the sales pitch down to a science, so it should not be too difficult to replicate! It’s so easy to sell knives you have to wonder why more people don’t.
Cutco is not a pyramid scheme because: Cutco is not selling a product. In fact, it is selling an experience. In the process, they are the ones that set the experience for you. At the end of the day, all you get is a knife, and as long as you are happy with it, that’s all that matters! Cutco does not exist to make you money. Instead, they exist to make you happy, and as long as you do that, they will do everything in their power to make sure you make money. So let’s go cut it! About the Author Matt Watson is a full-time blogger and part-time product reviewer. You can find him over on his personal blog and also on Productive Every Day.