The Real Reason Temu Can Offer Such Low Prices

Рет қаралды 482,583

Күн бұрын

Limited time: get 5 free stocks when you sign up to moomoo and deposit $100 and 15 free stocks when you deposit $1,000. Use link j.moomoo.com/00iPZo
If you've been on the internet recently, you've probably heard about Temu, the new e-commerce platform that's taking the world by storm. In this video, we'll delve into Temu's fascinating business model and discover how they manage to offer products at unbelievably low prices. Join us as we explore the truth behind Temu's success and whether it's sustainable in the long run.
0:00 - 1:47 Intro
1:48 - 5:37 Rise of PDD and Temu
5:38 - 10:40 Temu launch
10:41 Wish.com
Email us: Wallstreetmillennial@gmail.com
Support us on Patreon: www.patreon.com/WallStreetMil...
Check out our new podcast on Spotify: open.spotify.com/show/4UZL13d...
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, wallstreetmillennial.com, and we can sort it out.
#Wallstreetmillennial #temu #china
------------------------------
Buddha by Kontekst / kontekstmusic
Creative Commons - Attribution-ShareAlike 3.0 Unported - CC BY-SA 3.0
Free Download / Stream: bit.ly/2Pe7mBN
Music promoted by Audio Library • Buddha - Kontekst (No ...
------------------------------

Пікірлер: 557

@EnriquePerezBarahona Жыл бұрын

Marketer here: burning through investor cash only works if one day you’re able to multiply the price by 10x one day. You can’t do that with small trinkets, especially if there is another business waiting around the corner to undercut you with the same strategy

@Chicago48 Жыл бұрын

It's cheap products that will only last a short time. Buy it and get ready to dispose of it. You have to wait 2 weeks for the product to deliver. And that's because of customs.

@anneahlert2997 Жыл бұрын

That's because the goal of this company is NOT to make a profit selling you stuff. It's to steal your data and hack software systems around the world. My husband is a Network Engineer. The Temu app was on my phone by default, and he told me to take it off of there-- even if I wasn't buying anything. The app is a known security risk for networks, far worse than any other retail app. It reports directly to the Chinese govt

@akin242002 Жыл бұрын

Good point.

@sc20910 Жыл бұрын

Another reason to consider the strategic value to CCP of the user data gained from installation of their software on your phone

@SanderSA-ny3lh 9 ай бұрын

@@sc20910 Get out of here Fox News cultist. Lying is a sin.

@Vladyyy 11 ай бұрын

Once I saw the "Shop Like a Billionaire" slogan I knew the app was a complete joke targeted at the mindless masses.

@CantoniaCustoms 4 ай бұрын

it's like dropshipping from taobao but you don't have control over the shipping method you are using and the item selection on temu is much smaller.

@ShidaiTaino 3 ай бұрын

Good thing you’re not part of the mindless masses

@BRBallin1 2 ай бұрын

I’m part of the mindful minority and even I can’t deny its value is incredible. So many of the generic products on Amazon can be found on Temu for less than $5 with shipping included. If you don’t think that’s worthwhile then you’re just straight up hating

@nomoreclowns100 2 ай бұрын

Why is that?

@Vladyyy 2 ай бұрын

@@nomoreclowns100 Because that's the exact kind of statement that appeals to: Poor people Cheap people People who buy things after seeing an AD for it, because someone else has it, because they are bored People who follow trends People who can't think for themselves People who live a vain existence etc. And that's also exactly the kind of people they are targeting.

@ryanzhao869 Жыл бұрын

In Canada there is already a minimum order size of $20. This is not that much however when someone is only looking to buy one item it encourages them to look for more items and it would be better for the customer to buy a lot at once, so you don't need to buy stuff you don't really need to fill the $20 minium next time.

@l4dy0c3 Жыл бұрын

"when someone is only looking to buy one item it encourages them to look for more items" That's exactly what happened to me a few days ago. My friend wanted a purse off Temu and wanted me to order it for her since she didn't want to make an account. I found a purse similar to what she was looking for but couldn't order it until I added $4.01 to the cart because the minimum order size in the US is $10 apparently. Never knew!

@turbulentt297 Жыл бұрын

This is interesting because I didn’t have this $20 minimum on my first order. I’m in Canada and my first order was $14.10. However after receiving the coupons I was gonna use the $5 off on $5+ order to get another cheap item, but now it mentions the $20 minimum

@l4dy0c3 11 ай бұрын

Update: I was gonna grab my freebie and a few items to make a small purchase but found that the minimum is now $15 instead of $10 since I commented 4 weeks ago. 🙄 I guess it was nice while it lasted, and we'll reach $20 sooner than I'd like.

@rockedout 11 ай бұрын

Amazon is $35 tho and isnt it the same stuff made in china anyways but more markup?

@edci9370 10 ай бұрын

Even at$20 min they are still losing money. Let's see how long can they last

@BatCaveOz Жыл бұрын

This is variation of the eScooter/eBike/Uber scam. A handful of people become extraordinarily wealthy by rebranding a service company as a tech stock. The company loses money, but shareholders get paid.

@notsojharedtroll23 4 ай бұрын

I can respect the hustle tbh.

@ZeromuS_ Жыл бұрын

I wonder if part of the reason temu has better prices for generic items is because they aren't filled with drop shipper middle grounders over pricing Alibaba items for quicker shipping vs direct ordering and covering costs

@parafitality2730 Жыл бұрын

The item quality is also worse Aliexpress and around the same as Wish... stuff also never arrives half the time and they'll just ignore you

@havencat9337 Жыл бұрын

@@parafitality2730 i dont know about you but i ordered a couple of times and it always arrived.

@nomore-constipation Жыл бұрын

FYI - look online, make your own decision on them. I personally am not supporting them because it's unfair to undercut our homemade products. People will be automatically out of jobs if people won't research why China/CCP is doing this Chinese retailers Temu and Shein regularly violate U.S. import tariff law. Skipping tariffs by shipping in smaller packages The violations enable the companies to avoid tariffs and human rights reviews on some shipping I'd avoid using them since they (PDD) are tied directly to the CCP and their enslavement of Uyghurs in China. Paying them nothing but to only force them to assemble the products (hence another way to save money) Don't forget, CCP and PLA are more interested in your personal data (just like TikTok). You technically are the product to them. Side note, you pronounced Ping Duo Duo incorrectly. They are a Chinese company, even though they are trying to shift their HQ to Singapore because America is cracking down on all Chinese companies

@KillerBearsaw Жыл бұрын

Temu is the middleman... They are the drop shipper. An they're subsidized by their government so they can harvest data

@user-f5xt2op9t Жыл бұрын

@@havencat9337 not me

@SDTV.1 Жыл бұрын

When I first saw this site I said the same thing you said. “If it sounds to good to be true, it usually is”. After seeing your report I understand now that this is only going to be temporary. So take advantage of it while you can.

@alientokki613 Жыл бұрын

watched this video during the day and saw my parents later that night. my dad asked me if i’d heard of temu and i relayed fast facts from this video. my mum mentioned that they both watched a youtube video about it and i asked if it was WSM, and it was. hahahaha am oddly proud of their taste. WSM bringing families closer one video at a time.

@fartywood3917 Жыл бұрын

Its mind boggling to see same ideas getting recycled every few years, the saying 'one born every minute', has never been more true!!

@OffGridInvestor Жыл бұрын

They pretend they're different, use the SAME model and go broke like the LAST place did. Gotta love companies losing money so average people get stuff cheap as hell. If investors can't see the obvious fault in repeating failed business models, it's on them. Of course if Cathie Woods says it's the next big thing in tech, or Cramer pushes it, all the idiots will get on board and lose out just like they USUALLY HAVE from listening to those two.

@shinbi6009 Жыл бұрын

Well PDD was actually innovative with the group buying feature.

@ipodtouch470 Жыл бұрын

I think Bezos describes this well all companies die. First they offer great value sometimes buy loosing money then they raise prices to a more true price then they try to suck up all the value for themselves. In between the raising of prices to true cost and sucking up all the value for themselves companies can get disrupted by a shiny new company that can create value for its user even if that means losing money at the beginning. This is why the same ideas can be recycled over and over again.

@davidsolomon7981 Жыл бұрын

Yes, but in this case the sucker seems to be the seller, not the buyer.

@backlogbuddies 11 ай бұрын

@@shinbi6009 Not really. In the long long ago of the internet many cost saving websites used to do the same thing. You would have people spam forums or go to dedicated cost saving forums. A lot of companies folded or stopped doing this because people were only going for the deals.

@terrie001 Жыл бұрын

They already started dialing back. They raise minimum purchase price from $19 to $39 for the 30% off coupon. They removed the drawing game which gives around 5 cents a day of credit. Pretty soon you may need to spend more than $10 each time in order to get free shipping.

@joeswanson733 Жыл бұрын

it's not soon right now you need to spend more than $10.00 for them to even ship your order out..

@user-sr6yp7dy6g 6 ай бұрын

Yeah, it's $20 now 😭

@Brodragon2225 2 ай бұрын

@@user-sr6yp7dy6gso are you using it now

@nelswolf Ай бұрын

Basically aliexpress then

@ktktktktktktkt Жыл бұрын

I don't really plan on enjoying it while I can. I don't find the products on Temu to be of great quality and I just try not to buy too many useless trinkets that I would eventually throw out anyway.

@willissudweeks1050 Жыл бұрын

That’s exactly what it sells. Useless trinkets. People should have some class and save $100 bucks for a nice speaker instead of buying a trash one for $10.

@mikeh8416 4 ай бұрын

@@willissudweeks1050 20 something are you? A "nice speaker". Just wait until YOU'RE trying to live on $1100/mo retirement and can't afford to buy a new bath mat, and the only place that ever sold them for $1.99 got shut down by fear mongering know nothings.

@dumbasses_R_us Жыл бұрын

I live in Australia and have bought heaps of cheap stuff from Wish and Alibaba (usually $10 or less) which has always been the kind of quality I'd expected for the price. The delivery times have usually been pretty long, like 4 to 6 weeks.I gave Temu a chance to see how they performed and the order arrived in just a week which is crazy for China to Australia. The quality was around the level I expected for what I paid.

@AnoraJohnson 9 ай бұрын

😊😊❤😊

@NormalCleanCars 4 ай бұрын

And you support awful business practices, by buying from these companies.

@dumbasses_R_us 4 ай бұрын

@@NormalCleanCars you support awful business practices whenever you buy cheap Chinese made goods regardless of where you buy them from. The phone you're holding is a good example, if they were made in America using ethically sourced components an iPhone would cost between $20k to $40k. Come at me when your entire life is free of any such items and you can judge me all you like.

@NormalCleanCars 4 ай бұрын

@@dumbasses_R_us it's about reducing it. You're purposely buying from all these junk places like Temu, Ali Baba , Wish.

@NormalCleanCars 4 ай бұрын

@@dumbasses_R_us idk if my first comment went through for reply but you say heeps of stuff ... I don't actively seek out Chinese unethical garbage like you tho. I try to stay local , I don't online shop often, and my Samsung was at the very least, made in their own country. Sure I support knowingly or unknowingly unethical practices, but I try at least to mitigate my impact.

@CollinLi Жыл бұрын

Their ads seem like it is more tailored to "tiger economy" type countries that are experiencing growth spurts from capitalism (e.g. emerging middle class, first time they have access to cheap and nasty goods at low prices) than developed economies that have seen all of this stuff before and aren't really interested in being sold crap anymore.

@Brodragon2225 2 ай бұрын

True their Chinese counterparts have to produce quality stuff😅😅

@CaraMarie13 Жыл бұрын

The moment I saw this show up in front of every KZfaq video I've seen over the last few weeks, I was disgusted. Between the search for profits and the search for low prices, we are truly going down and talking the planet with us.

@mikeh8416 4 ай бұрын

When you can tell me of another place a retired person on $1100/mo S.S. can get a new bathmat for $1.99, we'll talk.

@user-fn4jl3uk2s Жыл бұрын

Temu and tiktok are my most hated companies bc the sheer amount of ads plastered all over youtube

@OnTheThirdDay Жыл бұрын

Ditto. However I always feel Temu is scammy looking whereas we all generally know how messed up tiktok is, at least those in the know.

@darknessblades 9 ай бұрын

I guess the reason why wish is going bankrupt is because they use deceptive prices, and you cannot see the total price till the checkout process soo that 1$ smartphone might have 200$ shipping. which means the full price is often in shipping instead of the item price. and often getting shipping refunded is near impossible.

@dosgos Жыл бұрын

Amazon, Walmart, and Alibaba are Olympic competitors so Temu has its work cut out. The social-team sales model worked for generations of party & door-to-door sales. Taking it to the internet with a low-cost model is an interesting take.

@internet_userr Жыл бұрын

Temu, temu, temu temu temu, temu, temu, temu temu temu ooohh ooooohhhhh. Xi jing ping and Putin and Kim jun un too.. ten million troops thousands of nukes won't stop me from getting to you... Temu temu temu temu, temu temu temu temu temu oooooh oooaoaoaoaha ohhh

@internet_userr Жыл бұрын

Temu temu nearly getting my prize I can get it, don't worry I'm not wise.... Temu temu temu temu temu Temu temu temu temu temu I'll make you miiinnneeee The prices blow my miiiiiinnnddddddd Temu temu temu temu temu

@internet_userr Жыл бұрын

Donald trump, Joe biden and an Obama too... A million debates a billion hates couldn't keep me from you Temu temu temu temu temu temu temu temu temu temu I'll make you mine the prices blow my mind

@Unlockurheart 10 ай бұрын

Ok Ive gotta play too: God Almighty-Christ Jesus of Nazareth- -Holy Spirit too A Gazillion Angel Armies all looking just for you If God be for you no temu can be fooling you temu temu temu temu temu temu temu temu God’s Hand’s are bigger than you-ssss!

@notsojharedtroll23 4 ай бұрын

@@internet_userrloool

@googlesucks9727 Жыл бұрын

So, I used to work in China. I worked 大小周, which means every other Saturday I had to come in. But there is also 大周 which is every Saturday and 小周 which no weekend overtime. Another nuance with the work culture is that most Chinese people take an hour to hour and a half nap after lunch. So, the long workdays might be slightly exaggerated. Still, the work culture there sucks, I don't nap so I would rather just work my designated hours and go home and there is no option for WFH which means that if the is some work that I need to do OT for I have to be in the office. Sometimes I feel like Western people complain too much about their work, but China collectively has an unhealthy work culture.

@wyw201 Жыл бұрын

国外很多企业也是996的节奏，尤其是咨询，会计，高科技和金融业

@googlesucks9727 Жыл бұрын

@@wyw201 有可能但是我在美国没有这样的经验。在美国，有时间周末需要加班但是一般不需要。我的朋友需要，但是他是一名电工，不是一名工程师。我没有任何朋友在周末上班。只有在出差的时候我才会在周末工作。

@wyw201 Жыл бұрын

@@googlesucks9727 那就来麦肯锡和BCG卷卷吧

@CantoniaCustoms 4 ай бұрын

A lot of the stuff you hear about China is exaggerated to comedic levels.

@mellel5594 Жыл бұрын

Great video! There is already a $20 minimum in Canada, but that is very easy to meet since there is always something to buy on Temu. But just like you said, I will enjoy this ride while it lasts! I do think that changes will come sooner rather than later.

@DJ_POOP_IT_OUT_FEAT_LIL_WiiWii 9 ай бұрын

Unsafe garbage. There's nothing on there that appears to be better than dollar store quality. And even then Dollarama source better products.

@AAIVE Жыл бұрын

omg i haven't started yet but i‘m glad to see this，temu's EVERYWHERE and it's so suspicious looking?! it smacks of unsustainable business practices/reminds me of SHEIN or smthーi’m interested in finding out wth is going on with it.

@nelsin1925 11 ай бұрын

I kinda feel like I just watched an infomercial for TEMU from an influencer...

@dosgos Жыл бұрын

Alibaba's shipping often is subsidized by UN rules for impoverished countries. Long-term, Temu's air freight should be much more expensive.

@VMRDY Жыл бұрын

Could you please elaborate?

@morris_m_s Жыл бұрын

@@VMRDY he's talking about the Universal Postal Union, in essence they make it cheaper for people from developing countries to send stuff to other countries (mostly developed) by subsidising the postage cost.

@mikeh8416 4 ай бұрын

Alibaba is ASLO in China. Same shipping rate.

@mikeh8416 4 ай бұрын

@@morris_m_s Which means your taxes are paying for it, so why not take advantage of it?

@MuchCow9000 Жыл бұрын

"Here is a piece of dog doo doo, ill tell you what, we wont charge for a return" -Temu

@leonidas14775 10 ай бұрын

Maybe the goal isn't to become profitable, but get big and sell the company to other investors at a high price.

@mazariej11 10 ай бұрын

This seems to be the default strategy of most VC funded companies, they generate enough buzz to get a good valuation but they never work to make a profitable business so years later once the VC funding runs out whoever is left holding the bag loses. And it usually ain't the founders by that time

@NormalCleanCars 4 ай бұрын

Yep. You see this happening with a lot of AI companies... Just any company now slaps AI on their name and sells the company for millions lol

@xelefonte Жыл бұрын

The quality of WSM’s content always impresses me. It’s not just the research and insight, it’s the honesty and transparency that they aren’t affiliated in any way with Temu. Hard to find honest clean channels on KZfaq like WSM.

@icetrip2417 Жыл бұрын

Fr man this guy I's a goat

@Liferoad371 Жыл бұрын

100% agree with you

@nomore-constipation Жыл бұрын

Aside from skipping going over the real information on Temu/PDD Chinese retailers Temu and Shein regularly violate U.S. import tariff law. Skipping tariffs by shipping in smaller packages The violations enable the companies to avoid tariffs and human rights reviews on some shipping I'd avoid using them since they (PDD) are tied directly to the CCP and their enslavement of Uyghurs in China. Paying them nothing but to only force them to assemble the products (hence another way to save money) Don't forget, CCP and PLA are more interested in your personal data (just like TikTok). You technically are the product to them. Side note, you pronounced Ping Duo Duo incorrectly. They are a Chinese company, even though they are trying to shift their HQ to Singapore because America is cracking down on all Chinese companies

@nsshing Жыл бұрын

@@nomore-constipation I see your point. But it's not popular opinions in the west in fact.

@Song-TheNiceGuy Жыл бұрын

@@nomore-constipationow, those "slaves" must be very busy and skillful, they make a million kinds of products in such huge amounts as well. 😅😅😅 Anything you can't compete with must be for "human rights" issues. At this point, you might as well say that anything made by non-white people must be made by slaves. 😊😊

@wtf_usa5597 Жыл бұрын

Thanks for your full disclosure on TEMU. These days that's more important than ever! 👍

@eudofia Жыл бұрын

Thank you for the video. I have been bombarded with Temu ads for the past few months. I was wondering how they were able to keep their prices so low and was on the lookout for YT video to explain it. Now I know.

@creepinwhileyousleepin Жыл бұрын

I work at the post office and we've been getting bombarded by this junk recently. Along with amazon because their delivery service gets to pick and choose where they go. Never ordered anything on temu but I can say their packaging is quite a bit worse than amazons lol.

@Abyessal Жыл бұрын

So you clock in and it's just bins of orange crap ready to ship out? Lmao

@user-sr6yp7dy6g 6 ай бұрын

I order from Temu and can confirm they squish the hell out of the stuff for it to fit sometimes lol I can't complain about my items but some purses did come bent

@steventezcan689 Жыл бұрын

Been using them since Jan-23 and they are the reason why I cancelled my Amazon prime member ship. Same merchandise for so much less. Just don't expect fancy packaging or such when you receive the orange TEMU package.

@benchoflemons398 Жыл бұрын

Subsidized shipping and government support

@jonasbaine3538 Жыл бұрын

yep, china govt gets backdoor access to temu user data and social engineering

@tarekyared4404 Жыл бұрын

@@jonasbaine3538 Yes, that is true of any Chinese big tech company. The Chinese government made the richest businessman in China disappear for several months. They don't mess around.

@vincentseng Жыл бұрын

more like no mark up high to the moon, it's a genuine price value if you try to source chinese product in other countries

@HiFilover168 Жыл бұрын

Another incredible deal from Temu is that they offer free shipping return. Some items they even said “keep it or donate” and they refund your money. I suppose because it costs more to return than the cost of the item.

@RBzee112 Жыл бұрын

Amazon does that, too.

@internet_userr Жыл бұрын

@@RBzee112my mom doesn't do that 😢 No but in all seriousness no one asked

@MuchCow9000 Жыл бұрын

Here is a piece of dog doo doo, ill tell you what, we wont charge for a return

@kozad86 Жыл бұрын

That’s not “incredible” because the stuff they sell is trash.

@reubenmorris487 Жыл бұрын

I've run into this on Ebay as well. I just return the stuff at my expense because there are people who could use it.

@jonasbaine3538 Жыл бұрын

I think any business highly dependent on aviation industry will eventually get crushed at some point when aviation industry experiences a downturn. Aviation is one of the most volatile industries.

@ChineseKiwi Жыл бұрын

Not freight however.

@weird-guy Жыл бұрын

During the pandemic they turn comercial planes to cargo planes, cargo planes make money.

@OffGridInvestor Жыл бұрын

It's a VERY volatile industry with maintenance costs cut all the time

@jonasbaine3538 Жыл бұрын

@@OffGridInvestor yep, those ‘new’ parts aren’t always new on planes

@cfldriven Жыл бұрын

Ordered $24 worth of merchandise which took 10 days to arrive. Some of the products could have been purchased at slightly lower cost from HF, ie $3.99 vs $4.58 for center punch. The Mrs was able to order some products that she has not been able to buy locally. While I did not create an account to make my purchase I do get daily emails inviting me to buy more. At this point any order over $10 gets you free shipping. I expect that to change as they can only sell at a loss for only so long.

@scrambledganglia6946 Жыл бұрын

Good thing I have little interest in buying slave labor junk I will never use. Helps if you have a nonconsumer skepticism.

@endlessgrowth 7 ай бұрын

Totally agreed your point of views. Based on "No free lunch" theorem, Temu won't last that long coz the logistic cost will eat up all the profits.

@Plankton_Doctor Жыл бұрын

I love a company's 'strategy' to sell stuff for less than their breakeven. Grow our revenue!

@Andy_DIY123 Жыл бұрын

In China, the evaluation of this company is polarized. Those who like it like it very much, and those who don’t like it hate it extremely😅

@raylopez99 Жыл бұрын

the secret is to make up for it in volume...

@nomore-constipation Жыл бұрын

FYI Chinese retailers Temu and Shein regularly violate U.S. import tariff law. Skipping tariffs by shipping in smaller packages The violations enable the companies to avoid tariffs and human rights reviews on some shipping I'd avoid using them since they (PDD) are tied directly to the CCP and their enslavement of Uyghurs in China. Paying them nothing but to only force them to assemble the products (hence another way to save money) Don't forget, CCP and PLA are more interested in your personal data (just like TikTok). You technically are the product to them. Side note, you pronounced Ping Duo Duo incorrectly. They are a Chinese company, even though they are trying to shift their HQ to Singapore because America is cracking down on all Chinese companies

@alainburki Жыл бұрын

And let humans die of consumerism 😮 all for profit and filling landfills of stuffs we don't need and let ppl be exploited

@AmandaAmanda-sh8lx Жыл бұрын

They have other motives. I opened a new email just for the purpose of ordering from temu and the email was hacked within 24 hours. I never linked it to a phone number or another email, so I was unable to ever recover it. The recovery phone number was set to a number with a China area code. Thankfully nothing else was linked to that account but I won't be ordering from them again. They are definitely up to no good.

@arcbrush Жыл бұрын

I'm surprised Aliexpress didn't catch up in the US, it's the main thing in the middle east and east europe.

@gabor1991 9 ай бұрын

I ordered some things from there that I don't see the point in paying a lot of money for. Some cables and adapters (Thunderbolt, USB-A,/C...). Apple sells Thunderbolt 4 cables for 70-160 USD depending on length. Got a thunderbolt 4 cable for like 5 USD on Temu and it works perfectly. Adapters for cents, razor blades for 2 USD... I also got a nightstand for iOS 17 Nightstand mode for 12 USD, which works perfectly and looks similar to the ones that cost 100 USD on Amazon. So on things that cost a lot in our stores, but really shouldn't, Temu is an excellent deal. As long as they keep burning cash. Obviously I wouldn't buy Earphones or a watch from there.

@johngrafton6868 Жыл бұрын

I've placed 15 orders so far and have runout of things I thought I needed. Satisfied will 95% of my purchases and they immediately refund if you aren't satisfied. Orders come on time which has been about a week or less. Nothing was ever damaged. It's addicting by the looks of my drawers. Great fun.

@ms.minchin6277 Жыл бұрын

The irony of this is me getting a Temu ad towards the end of this video...

@DavidP92105 Жыл бұрын

My experience with Temu: Ordered wall electric testers twice with 2 different models, neither one worked! but they did refund both times and I keep them as paper weights! About 70% of items ordered are ok but the rest are very very low quality The minimum is $15 now The same item listed on different pages has different prices, that’s how they gradually increase the prices without you noticing! I am bombarded daily on average about 20 Temu notices and ads Overall it is similar to online version of 99 cent, dollar tree stores… with free shipping! Yes you can save few bugs for now but obviously this won’t last for too long.

@zopEnglandzip Жыл бұрын

So me buying from temu costs the Chinese taxpayer more than it makes the seller?

@MrBeast-1 Жыл бұрын

Yes

@JeffCahill-tp8ik Жыл бұрын

There is another loophole here. Because each item value is well below threshold, there is no import duty paid. Surprised that wasn't mentioned, but maybe WSM is unaware. If they import thousands of the same item a la Walmart et al, the duty needs to be paid. It can be upwards of 40% now.

@triforcelink Жыл бұрын

You mean the US taxpayers? Ask yourself why it costs you more money to ship something to your neighbor than it does to get it from China to your doorstep.

@vb4567 Жыл бұрын

Its a thrift shop; if you see it and want it buy it now. There is little organization - searches for similar items generally result in random displays of assorted stuff so I shop Amazon if I need something specific. Part of the cheap shipping is that they get a break on postal fees (last leg of the shipping) because they are a "developing nation". Quality is "good enough" for my purposes for the price. Some of the items show startling ingenuity.

@lexuannhi Жыл бұрын

I bought stuff from Temu, and, I have to admit, I was surprised. The quality is as good as it said, and the prices are unbeatable. It used to take longer (about 2 weeks) for delivery but it's getting better now (1 week). One thing is that you can forget customer services or tech support or refund. Buy things at your own risks, if it doesn't work, throw it away. And I have one shipment that never arrived. Phone calls and email are a waiste of time. But, in general, I would buy from Temu again. And praying at the same time that the order will arrive.

@th-cc6ei Жыл бұрын

Unbeatable prices because the slaves making them are beat!

@hdhdhshscbxhdh4195 10 ай бұрын

They actually they are actually pretty good about refunds if it doesn't meet expectations. They generally don't even ask you to ship back but probably will change in the future due too fraud.

@mikeh8416 4 ай бұрын

Their refund are QUICK AND EASY. Go put 1-3 one star review, and it INSTANTLY POPS UP asking if you want a refund!! I've gotten 3. 2 for D.O.A.'s and one for an item I ORDERED THE WRONG SIZE OF!! (and STILL my 1 star reviews are VISIBLE on the sight)

@mikeh8416 4 ай бұрын

@@th-cc6ei Look at the label inside your shirt. Where was it made? Thank Clinton for that one!

@jaqueitch Жыл бұрын

Temu is actually pretty good. The quality is actually better than I expected. Buying textiles, kitchen gadgets, tools, or other things like this is the way to go. Their electronics are good, but I worry about data sharing, etc.

@radicalrick9587 Жыл бұрын

*Oh, I've bought a lot of stuff off TEMU. As long as you don't expect the best of the best you'd be fine. But TEMU has exceeded my expectation for the price they offer.* *Would I buy my power tools from them, no, but hand tools that I rarely use, yes.*

@JamieVocalLand 6 ай бұрын

I lose winter gloves like crazy. For 3.11, I can go nuts.

@MikeGaruccio Жыл бұрын

The comparison with aliexpress is interesting because I feel like they’ve targeted a very different market, and done so quite successfully. Not sure if they were more consumer targeted at first but at this point they seem pretty focused on makers and a variety of niche small businesses. Definitely not the place I’d go for a watch, but, it’s the first place I’d look for something obscure like connectors to use to affix a watch band to an Apple Watch, or for a great deal on touchscreens or other electronic parts. This targeting works out really well for them since these markets tend to be much less sensitive about shipping times as long as they are consistent and predictable, and the required marketing spend is basically nothing, customers come to them generally knowing exactly what they need. They’ve further played into this market by doing things like combined shipping, allowing them to offer free or low-cost shipping on orders over a minimum size, even if the components in the order are from multiple different sellers. The end result is that they’ve become the go-to source for inexpensive components in a bunch of hobbies, as well as the place prototypers and smallish businesses look for weird new stuff they can’t yet get from their normal US suppliers.

@Narrifani 4 ай бұрын

I got a Temu ad while watching this.

@jacquesmainguy1 2 ай бұрын

Temu already has a $20 minimum order size in Canada, and prices significantly undercut Amazon only on part of their products.

@marymaryquitecontrary Жыл бұрын

I've had about six shipments from Temu, all delivered timely. About 70+ items total, mostly household items and clothing. Nothing was lower quality than expected, all acceptable, really. I made one clothing return request which was dealt with acceptably the same day. I don't play the games but can see how they add to the experience for younger shoppers. There is a $20US minimum for free shipping, but you'd have to be brain dead not to find $20 of useful/fun items to order. I'm sure they're collecting data, but who isn't these days? I can't guess whether they can sustain this pace, but I have no complaints at this point.

@chiquita683 Жыл бұрын

Any social media advertised company should be assumed to be a fraud

@user-tm8wl2fg1l 11 ай бұрын

666

@radicalrick9587 Жыл бұрын

*Will TEMU last? Time will tell.*

@Kathyroyer01 Жыл бұрын

Have used them for several months. Some items better than expected: kitchenware, dishes, files. Saw prices start to increase so deleted the app. It is still less ext than Amazon & Walmart but I spend too much just surfing the site. I did hear (local news) some issues with CC hacking. Don’t use so…. I am sure I may go back. ALSO…things can come “bumped up” due to packaging. Never anything major.

@TiberianFiend Жыл бұрын

0:30 I had no idea holes getting attacked was so popular.

@OffGridInvestor Жыл бұрын

Haven't watched much porn?

@chris59499 Жыл бұрын

Yes, Temu's products are so so quality comparable to dollar stores, but their shipping times are incredible! 7 days from China to US, and its free

@th-cc6ei Жыл бұрын

Free? So those slaves making the stuff dont count? Oh wait they are chinese though. But if they were black slaves it would be different.

@rightrah53 Жыл бұрын

How do you decide which videos to do in-videos ads? I can see most of your videos have an ad (Moomoo, MyHeritageDNA, Babbel etc). I was surprised not to see an In-Video ad in this video. Would you kindly explain why you'd forgo running one? I'm certain you're not short of offers! Thanks

@zackbrandon 5 ай бұрын

now minimum order value is $25 in usa.

@chocolateearrings Жыл бұрын

The rate of consumerism in America is astounding and unhealthy for the environment

@jonmeray713 8 ай бұрын

Yes,only america suffers from consumerism😂

@C1PL 6 ай бұрын

No shot Sherlock

@_Meng_Lan 5 ай бұрын

@@jonmeray713 its such a waste, and LV and Dior etc. It's all a con.

@CantoniaCustoms 4 ай бұрын

Consumerism is way worse in China. Like the gamification stuff you see in these Chinese apps are made from experience with selling on the Chinese market.

@bobbym6130 3 ай бұрын

Consumerism also drives the economy that makes life so much better. So it's a double edged sword.

@Tom-sg4iv Жыл бұрын

AliExpress has 10-14 days delivery time to Europe if not stocked regionally. I believe it mainly rail and air freight.

@franciscodanconia4324 Жыл бұрын

I’d be curious to know how well those items you bought hold up, and for how long.

@rook1196 Жыл бұрын

quality is the same as all the word salad branded products on amazon (its most likely the same product). they do under $30 small appliances, electronics, arts and crafts (stuff at Michaels), cheap electronics/accessories (ex off brand airpods, switch controllers, phone cases) at much lower prices than amazon. They throw in unique and funky clothes/shoes/bedroom/bathroom stuff for cheap as well. A bunch of stuff at Rumi is sold at Temu for about 1/2 of the price. Some stuff is you get what you paid for (razors) of overall generally decent quality. The pop-ups are incredibally annoying on the phone app that I don't bother downloading it, but if you shop w/ your computer you will rarely get them.

@mikusakusa8205 Жыл бұрын

My coworker bought an electric teapot a couple months ago and uses it daily, it's been holding up ok so far. On the other hand, my friend bought various items like storage bags, hiking boots cover, etc., and all of them are junk, some of them broke during the first use and some of them aren't even usable. I don't think quality control exists. She's like oh well they're cheap, but that's still money wasted, and she is throwing out so much plastic and stuff. I have always been taught to take care of my possessions and not be wasteful, so it's disturbing to see this.

@nicholasdean3467 Жыл бұрын

I always thought it was the same reason how Wish does it. (By scamming consumers with fake product pictures that look nothing like it)

@OffGridInvestor Жыл бұрын

I remember hearing how wish stuff looked nothing like it and was HORRENDOUS quality.

@zoeyrochellezhombie829 24 күн бұрын

My sister is IN LOVE with Temu. Her bathroom has a shower curtain, toilet seat cover and foot mat set FROM Temu.

@rb89509 10 ай бұрын

I've ordered from stores on AliExpress many times and they have always sent my orders by air. I have received parcels from then in as little as 10 days, and that is to Montana.

@truckfinanceaustralia1335 Жыл бұрын

I'm pretty sure the real reason why chinese shipping is so cheap is because they get discounts from the world trade organization for being developing country

@dlight9849 Жыл бұрын

Yup. Washington Post did a story on it a few tears back. American citizens pay high postage rates because a portion of that income goes to subsidize China's shipping.

@timmywilliams1623 Жыл бұрын

Funny thing, I got a Temu ad while watching this show.

@leeo268 Жыл бұрын

They want to scale up enough to have huge warehouse in US to store goods from sea shipping

@JeffCahill-tp8ik Жыл бұрын

That idea of teams is something I came up with a few years ago (a little different and for more expensive products) but I'm still at least a couple of years from implementing. When I watched this video I was pissed that someone else is already doing it😂.

@mwbgaming28 Жыл бұрын

Notice how he didn't buy any electronics from there Buy yourself a phone, laptop, or data storage device (like an SSD or memory card) and see how legit it is

@angel_machariel 9 ай бұрын

Yes, I was a bit disappointment by this episode I must say.

@TheWarrrenator Жыл бұрын

I never bought anything from AliExpress because I didn’t need twenty watches or whatever. With Wish, the quality of the items was just bad. I think people like the idea of an online Dollar Store. Recently I purchased from TEMU and the quality met expectations however the shopping experience was definitely gamified, this is, addicting: the more you bought, the more you saved and you’d get a coupon but the coupon only lasted a week so you would have to spend again soon in order to earn the lower price. I watched this video because I figured, “there’s gotta be a catch,” but I don’t think this content educated me any further than what I already knew. Plus another commenter mentioned data selling which I figured, too. It would be cool if TEMU offered a cheaper, slower shipping to keep costs low especially for people that want to consider energy use and carbon footprint of air versus sea.

@jonr6680 9 ай бұрын

They literally don't care, they only want your money.

@Cpl.Clawhammer 4 ай бұрын

“Gamified social shopping experience” is one of the most corporate-dystopian phrases I’ve ever heard.

@marcusanthony9322 Жыл бұрын

Amazon is pretty much wish now anyway and prime isn't worth it anymore as they never stick to their next day delivery.

@bgregg55 6 ай бұрын

My first two packages arrived in 10 days & 9 days. Pretty impressive.

@maestoso47 Жыл бұрын

Their ads are beyond annoying.

@YouTubeUser-pq2pi 11 ай бұрын

Don’t forget the costs of logistics services 8:07 which is about 20-50% of the product costs.

@nelsondisalvatore9812 Жыл бұрын

Temu is the Wish from Wish.

@codelessunlimited7701 27 күн бұрын

Temu is the best thing that happen in e-commerce industry. Quick, simple, cheap, and billions of choices.

@janakakumara3836 Жыл бұрын

The moral of the story is buy you stuff before the companies involved burn through their cash.

@infalogger9697 5 ай бұрын

not gonna lie here, so far ive ordered 11 things on temu and ive got 10 more coming and everything ive bought is suprisingly high quality, ofcourse it smells like china factory when you first open it but its really high quality good for the price

@beverlyledbetter4906 9 ай бұрын

Well, I'm wearing one of their sleep shirts as we speak. I've ordered so much from them; about to try out the mini washing machine!🤫

@HollyOak 9 ай бұрын

The orange branded packaging has already gone and there's a limited spend limit to pay with paypal. I don't remember the limit because I usually buy over it anyway.

@user-cl8li8gu4v Жыл бұрын

Thanks good review, I was thinking about using them now I know it’s safe

@lombardo141 Жыл бұрын

Why not do more research ? you will be surprised by what you find.

@nelswolf Ай бұрын

My guess is theyll eventually switch from air frieght to sea frieght. This will extend shipping time but will limit price increases. Like with a more expensive shipping option people can opt into for a price

@jmando5203 8 ай бұрын

Temu does offer express shipping for 20 dollars, they use DHL to ship it from China

@MichaelN1988 Жыл бұрын

Aliexpress is air to the UK 1-2 weeks normally

@trilliamc5185 Жыл бұрын

My first order gets delivered from Temu in like 4 days. It was like 5 items. I’ll see if they actually all arrive and if they were legit like in the description! But yes I do agree their prices were cheap and gave me free shipping

@JayceeOnYouTube Жыл бұрын

has it arrived yet?

@user-sr6yp7dy6g 6 ай бұрын

It never arrived huh lol jk KZfaq comments are hard to come back to. I've ordered things from there and have loved it all, ik everyone can't say the same, I'm glad I got lucky 😭

@trilliamc5185 6 ай бұрын

@@user-sr6yp7dy6g yes it arrived. And KZfaq comments are definitely hard to come back to for most people. Also the temu items I got were kinda cheap quality but good enough for what I paid for them!

@armchairwomanmao2922 Жыл бұрын

Keeping up with the "cash burn" ,😂

@LmcnNZL Жыл бұрын

They're data scraping hence the massive push to get more users. Not a retail market but a data market

@XSemperIdem5 Жыл бұрын

I'm already so tired of their ads on social media, I can't imagine willing going on their app with pop-ups and that way too loud look like a cheap game. I've never purchased anything from any of those cheap sites. Interesting how they're using the customers themselves as sales reps with the whole teams thing. Getting people to peer pressure their friends I to buying cheap stuff they probably don't need.

@scottmarquardt3575 Жыл бұрын

I've always wanted to get a toupee, since I was 25, but now that they're $4.99 on this app I am sickened by the thought.

@user-tm8wl2fg1l 11 ай бұрын

Hahaha, I feel that I can laugh for a hundred years.

@evangellydonut 11 ай бұрын

Most of the textiles are not any cheaper than stores like Ross or Marshall, likely with lower quality. Legit branded stuff like some toys are also more expensive compared to when they are on sale on amazon or elsewhere. There are some crazy cheap electronics, but I was rather disappointed by the quality from my purchases. Also, I read that their sellers are not as profitable as advertised, so many are withdrawing from the platform once their current inventory runs out (you'll often find 5+ sellers listing the same item at different prices, the one with most reviews, legit or otherwise, gets the most sales)

@VibronicCow Жыл бұрын

I live in Canada but have literally never heard of this. Interesting….

@raymorgan4657 7 ай бұрын

So this now 5 months later and Temu seems to be even bigger. What I do know is that the basic things I've bought have been fine and way less money than I'd have spent elsewhere. I even twice got automatic $5.00 credit when an order showed up a few days later than expected. T-shirts and sweats have been great for the price and a lot of the stuff is the exact item sold on Amazon. For me, the trick to Temu is never use my phone or allow texts, and never play the coupon game.

@jez5855 Жыл бұрын

The products are cheap, but it's always bewildering to me when I see my wife's cart accumulate to over $100... I think Temu will be just fine 😂. My wallet, not so much.

@jonr6680 9 ай бұрын

You should discipline your wife. Think like a Chinese factory boss.

@user-sr6yp7dy6g 6 ай бұрын

I think my bf feels the same, I think he wouldn't mind if Temu went extinct 😂 he only enjoyed the prices for Christmas, greatly reduced what he spent on nice things for a person! Lol

@yzerman123 Жыл бұрын

Got Temu ads while watching your video 😂

@ZZ-qy5mv Жыл бұрын

Shipping by air instead of ships have got to be horrible for the environment. Also, we need our money to go back into the US economy, so it would be problematic if Americans all just shopped from Temu

@Nedankinde93 4 ай бұрын

Good analysis but you forgot to mention that PDD makes its money from its payment platform and that is what they will be bringing to market next.

@ArunBasilLal 9 ай бұрын

If I understand this correctly, the investors in these companies burn money to attract customers and inflate numbers. Their share is sold to another set of investors at a profit. This continues until the company reaches IPO. At that point the general public buys the company at over inflated prices. All investors thus far make money. The market decides the fate of the IPO investors, typically going down because the business is burning cash. So in the end it's the customers / general public that pay the price.