The Real Reason Temu Can Offer Such Low Prices

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  • Опубликовано: 21 сен 2024

Комментарии • 568

  • @Vladyyy
    @Vladyyy Год назад +60

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

    • @CantoniaCustoms
      @CantoniaCustoms 6 месяцев назад

      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
      @ShidaiTaino 5 месяцев назад +4

      Good thing you’re not part of the mindless masses

    • @BRBallin1
      @BRBallin1 4 месяца назад

      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
      @nomoreclowns100 4 месяца назад

      Why is that?

    • @Vladyyy
      @Vladyyy 4 месяца назад +6

      @@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.

  • @EnriquePerezBarahona
    @EnriquePerezBarahona Год назад +282

    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
      @Chicago48 Год назад +8

      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
      @anneahlert2997 Год назад

      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
      @akin242002 Год назад +2

      Good point.

    • @sc20910
      @sc20910 Год назад +14

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

    • @SanderSA-ny3lh
      @SanderSA-ny3lh 10 месяцев назад

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

  • @BatCaveOz
    @BatCaveOz Год назад +21

    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.

  • @ryanzhao869
    @ryanzhao869 Год назад +209

    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
      @l4dy0c3 Год назад +7

      "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
      @turbulentt297 Год назад +2

      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
      @l4dy0c3 Год назад +2

      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
      @rockedout Год назад +2

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

    • @edci9370
      @edci9370 Год назад

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

  • @ZeromuS_
    @ZeromuS_ Год назад +123

    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
      @parafitality2730 Год назад +7

      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
      @havencat9337 Год назад +5

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

    • @nomore-constipation
      @nomore-constipation Год назад +20

      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
      @KillerBearsaw Год назад

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

    • @user-f5xt2op9t
      @user-f5xt2op9t Год назад

      @@havencat9337 not me

  • @SDTV.1
    @SDTV.1 Год назад +20

    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
    @alientokki613 Год назад +30

    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
    @fartywood3917 Год назад +139

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

    • @OffGridInvestor
      @OffGridInvestor Год назад

      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
      @shinbi6009 Год назад +4

      Well PDD was actually innovative with the group buying feature.

    • @ipodtouch470
      @ipodtouch470 Год назад

      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
      @davidsolomon7981 Год назад

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

    • @backlogbuddies
      @backlogbuddies Год назад

      @@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.

  • @CaraMarie13
    @CaraMarie13 Год назад +10

    The moment I saw this show up in front of every RUclips 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
      @mikeh8416 6 месяцев назад

      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.

  • @dumbasses_R_us
    @dumbasses_R_us Год назад +124

    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
      @AnoraJohnson 11 месяцев назад +1

      😊😊❤😊

    • @NormalCleanCars
      @NormalCleanCars 6 месяцев назад +1

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

    • @dumbasses_R_us
      @dumbasses_R_us 6 месяцев назад

      @@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
      @NormalCleanCars 6 месяцев назад

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

    • @NormalCleanCars
      @NormalCleanCars 6 месяцев назад

      @@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.

  • @ktktktktktktkt
    @ktktktktktktkt Год назад +27

    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
      @willissudweeks1050 Год назад +8

      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
      @mikeh8416 6 месяцев назад

      @@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.

  • @terrie001
    @terrie001 Год назад +84

    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
      @joeswanson733 Год назад +7

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

    • @rosygutierrez-m6z
      @rosygutierrez-m6z 8 месяцев назад

      Yeah, it's $20 now 😭

    • @Brodragon2225
      @Brodragon2225 3 месяца назад

      ​@@rosygutierrez-m6zso are you using it now

    • @nelswolf
      @nelswolf 3 месяца назад

      Basically aliexpress then

  • @jacquesmainguy1
    @jacquesmainguy1 3 месяца назад +2

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

  • @chocolateearrings
    @chocolateearrings Год назад +119

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

    • @jonmeray713
      @jonmeray713 10 месяцев назад +20

      Yes,only america suffers from consumerism😂

    • @RafcioPafci00
      @RafcioPafci00 7 месяцев назад +1

      No shot Sherlock

    • @_Meng_Lan
      @_Meng_Lan 6 месяцев назад +2

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

    • @CantoniaCustoms
      @CantoniaCustoms 6 месяцев назад +4

      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
      @bobbym6130 5 месяцев назад +1

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

  • @johngrafton6868
    @johngrafton6868 Год назад +14

    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.

  • @xelefonte
    @xelefonte Год назад +65

    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 RUclips like WSM.

    • @icetrip2417
      @icetrip2417 Год назад +1

      Fr man this guy I's a goat

    • @Liferoad371
      @Liferoad371 Год назад +1

      100% agree with you

    • @nomore-constipation
      @nomore-constipation Год назад +3

      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
      @nsshing Год назад

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

    • @Song-TheNiceGuy
      @Song-TheNiceGuy Год назад

      ​​@@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.
      😊😊

  • @MuchCow9000
    @MuchCow9000 Год назад +7

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

  • @CollinLi
    @CollinLi Год назад +11

    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
      @Brodragon2225 3 месяца назад

      True their Chinese counterparts have to produce quality stuff😅😅

  • @HiFilover168
    @HiFilover168 Год назад +83

    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
      @RBzee112 Год назад +12

      Amazon does that, too.

    • @internet_userr
      @internet_userr Год назад +1

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

    • @MuchCow9000
      @MuchCow9000 Год назад +9

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

    • @kozad86
      @kozad86 Год назад

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

    • @reubenmorris487
      @reubenmorris487 Год назад +2

      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.

  • @leonidas14775
    @leonidas14775 11 месяцев назад +9

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

    • @mazariej11
      @mazariej11 11 месяцев назад +1

      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
      @NormalCleanCars 6 месяцев назад

      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

  • @dosgos
    @dosgos Год назад +37

    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
      @internet_userr Год назад

      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
      @internet_userr Год назад

      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
      @internet_userr Год назад

      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
      @Unlockurheart Год назад +1

      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
      @notsojharedtroll23 6 месяцев назад

      ​@@internet_userrloool

  • @wtf_usa5597
    @wtf_usa5597 Год назад +16

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

  • @mellel5594
    @mellel5594 Год назад +19

    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
      @DJ_POOP_IT_OUT_FEAT_LIL_WiiWii 10 месяцев назад

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

  • @Narrifani
    @Narrifani 5 месяцев назад +2

    I got a Temu ad while watching this.

  • @benchoflemons398
    @benchoflemons398 Год назад +23

    Subsidized shipping and government support

    • @jonasbaine3538
      @jonasbaine3538 Год назад +2

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

    • @Tie509
      @Tie509 Год назад

      ​@@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
      @vincentseng Год назад

      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

  • @marymaryquitecontrary
    @marymaryquitecontrary Год назад +30

    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.

  • @darknessblades
    @darknessblades 10 месяцев назад +5

    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.

  • @Plankton_Doctor
    @Plankton_Doctor Год назад +58

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

    • @Andy_DIY123
      @Andy_DIY123 Год назад +8

      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
      @raylopez99 Год назад +1

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

    • @nomore-constipation
      @nomore-constipation Год назад +11

      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
      @alainburki Год назад

      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
      @AmandaAmanda-sh8lx Год назад +6

      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.

  • @dosgos
    @dosgos Год назад +27

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

    • @VMRDY
      @VMRDY Год назад

      Could you please elaborate?

    • @morris_m_s
      @morris_m_s Год назад +19

      @@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
      @mikeh8416 6 месяцев назад +1

      Alibaba is ASLO in China. Same shipping rate.

    • @mikeh8416
      @mikeh8416 6 месяцев назад +1

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

  • @zoeyrochellezhombie829
    @zoeyrochellezhombie829 2 месяца назад +1

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

  • @JaneNewAuthor
    @JaneNewAuthor 11 месяцев назад +2

    I will never buy from companies like this because of the inhumane working conditions of their employees. Anything this cheap means that many, many people are virtual slaves.

  • @steventezcan689
    @steventezcan689 Год назад +9

    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.

  • @nelsin1925
    @nelsin1925 Год назад +3

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

  • @mwbgaming28
    @mwbgaming28 Год назад +3

    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
      @angel_machariel 11 месяцев назад

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

  • @arcbrush
    @arcbrush Год назад +5

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

  • @gabor1991
    @gabor1991 11 месяцев назад +4

    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.

  • @endlessgrowth
    @endlessgrowth 9 месяцев назад +1

    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.

  • @radicalrick9587
    @radicalrick9587 Год назад +4

    *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
      @JamieVocalLand 7 месяцев назад

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

  • @creepinwhileyousleepin
    @creepinwhileyousleepin Год назад +25

    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
      @Abyessal Год назад +6

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

    • @rosygutierrez-m6z
      @rosygutierrez-m6z 8 месяцев назад

      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

  • @jonasbaine3538
    @jonasbaine3538 Год назад +12

    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
      @ChineseKiwi Год назад +10

      Not freight however.

    • @weird-guy
      @weird-guy Год назад +5

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

    • @OffGridInvestor
      @OffGridInvestor Год назад +2

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

    • @jonasbaine3538
      @jonasbaine3538 Год назад +1

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

  • @scrambledganglia6946
    @scrambledganglia6946 Год назад +8

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

  • @googlesucks9727
    @googlesucks9727 Год назад +19

    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
      @wyw201 Год назад +1

      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
      @googlesucks9727 Год назад

      @@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
      @wyw201 Год назад

      @@googlesucks9727 那就来麦肯锡和BCG卷卷吧

    • @CantoniaCustoms
      @CantoniaCustoms 6 месяцев назад +2

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

  • @AAIVE
    @AAIVE Год назад +9

    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.

  • @jaqueitch
    @jaqueitch Год назад +12

    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.

  • @eudofia
    @eudofia Год назад +2

    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.

  • @vincent412l7
    @vincent412l7 5 месяцев назад +1

    The same people who boycott retailers because they sell clothes made by below-minimum wage countries use TEMU without any misgivings.

  • @zopEnglandzip
    @zopEnglandzip Год назад +13

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

    • @MrBeast-1
      @MrBeast-1 Год назад

      Yes

    • @JeffCahill-tp8ik
      @JeffCahill-tp8ik Год назад +5

      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
      @triforcelink Год назад

      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.

  • @zackbrandon
    @zackbrandon 7 месяцев назад +2

    now minimum order value is $25 in usa.

  • @codelessunlimited7701
    @codelessunlimited7701 2 месяца назад

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

  • @cfldriven
    @cfldriven Год назад +2

    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.

  • @truckfinanceaustralia1335
    @truckfinanceaustralia1335 Год назад +4

    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
      @dlight9849 Год назад +3

      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.

  • @ms.minchin6277
    @ms.minchin6277 Год назад +2

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

  • @vb4567
    @vb4567 Год назад +1

    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.

  • @chiquita683
    @chiquita683 Год назад +6

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

  • @user-fn4jl3uk2s
    @user-fn4jl3uk2s Год назад +9

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

    • @OnTheThirdDay
      @OnTheThirdDay Год назад +4

      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.

  • @lexuannhi
    @lexuannhi Год назад +9

    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
      @th-cc6ei Год назад +6

      Unbeatable prices because the slaves making them are beat!

    • @hdhdhshscbxhdh4195
      @hdhdhshscbxhdh4195 11 месяцев назад

      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
      @mikeh8416 6 месяцев назад +1

      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
      @mikeh8416 6 месяцев назад

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

  • @mjholiday557
    @mjholiday557 Год назад +12

    I ordered twice from Temu and was more than satisfied with their products & shipping. After my second order I researched the company to find out if they were sustainable and treated their employees fairly. Answer: NO to both. There just comes a time when we must STOP supporting companies that operate on slave labor, many of which employ children under the age of 12. I stopped doing so & got some help with my shop-o-holicism. I feel SO much better about myself and the overall quality of my life has gone WAY up. The only way to stop these slave owners is to stop giving them your money and get your consumer needs met by supporting companies that provide decent wages & benefits to their employees. Will it cost you more? Yes. But you can make up the difference easily by just consuming LESS. I believe this is everyone's moral responsibility.
    ☮💜

    • @radicalrick9587
      @radicalrick9587 Год назад +1

      *Mister, nearly every big company such as Amazon, Alibaba, Wish, Walmart, Nike, etc... have some sort of shady labor practice going on behind closed door.* *It's pretty clear that most of the cloth you're wearing were made in some sweat shop somewhere. In the famous Los Angeles garment district in California, they even have sweatshops there. From time to time, some get caught.*

  • @DavidP92105
    @DavidP92105 Год назад +3

    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.

  • @MikeGaruccio
    @MikeGaruccio Год назад +8

    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.

  • @ZZ-qy5mv
    @ZZ-qy5mv Год назад +1

    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

  • @chris59499
    @chris59499 Год назад +4

    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
      @th-cc6ei Год назад +1

      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.

  • @TiberianFiend
    @TiberianFiend Год назад +2

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

  • @infalogger9697
    @infalogger9697 6 месяцев назад +1

    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

  • @franciscodanconia4324
    @franciscodanconia4324 Год назад +6

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

    • @rook1196
      @rook1196 Год назад +1

      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
      @mikusakusa8205 Год назад

      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.

  • @Cpl.Clawhammer
    @Cpl.Clawhammer 6 месяцев назад

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

  • @ArunBasilLal
    @ArunBasilLal 10 месяцев назад

    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.

  • @rightrah53
    @rightrah53 Год назад +2

    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

  • @nelsondisalvatore9812
    @nelsondisalvatore9812 Год назад +19

    Temu is the Wish from Wish.

  • @radicalrick9587
    @radicalrick9587 Год назад +4

    *Will TEMU last? Time will tell.*

  • @janakakumara3836
    @janakakumara3836 Год назад +1

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

  • @champstar9669
    @champstar9669 11 месяцев назад

    My wife's shopping philosophy: You gotta SPEND money to SAVE money.

  • @antman7673
    @antman7673 Год назад +3

    i wouldn’t want to buy for the lowest price.
    Heavy metals and uncertified electronics. No thx.

  • @epowell4211
    @epowell4211 Год назад +9

    My first order from Temu, no minimum for free shipping. Next time I ordered it was $12 I think, then after weeks of no ordering, there was another no minimum, but after that it said $25 minimum. Between the changing minimums and the pop up discounts that didn't seem to apply (shopping cart would say, "only $2 away from discount", so I'd add $3 item and get message, "$8 away from discount" and so on), I got frustrated and deleted their app. I'm old fashioned: I like to know what I have to pay. Days after deleting, saw posts from tech advisors saying the app farms your data and asks permissions that there is no need for from a shopping app unless they plan to do something shady with it. TBH, I assumed marketing data is how they managed to keep prices low - info on consumers is big money.

  • @Kathyroyer01
    @Kathyroyer01 Год назад +1

    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.

  • @EvilCaptPlanet
    @EvilCaptPlanet 6 месяцев назад

    They're also heavily subsidized by the government. That's the reason for the low prices.

  • @mangos2888
    @mangos2888 Месяц назад +1

    How am I going to help the Denver Broncos recover from their Wilson contract debacle if I stop shopping at walmart?

  • @nicholasdean3467
    @nicholasdean3467 Год назад +4

    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
      @OffGridInvestor Год назад

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

  • @toddclean547
    @toddclean547 10 месяцев назад

    The number one reason they are so cheap is the because the markup in Amazon or Walmart is ridiculous.

  • @nelswolf
    @nelswolf 3 месяца назад

    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

  • @CoreyChambersLA
    @CoreyChambersLA 11 месяцев назад +1

    Temu and PDD will eventually run out of other people's money. Excellent stock short opportunity.

  • @scottmarquardt3575
    @scottmarquardt3575 Год назад +2

    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.

    • @哈哈刘-l3d
      @哈哈刘-l3d Год назад

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

  • @leeo268
    @leeo268 Год назад +2

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

  • @TheWarrrenator
    @TheWarrrenator Год назад +1

    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
      @jonr6680 10 месяцев назад

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

  • @markmcdaniel304
    @markmcdaniel304 Год назад +1

    I use Amazon for cases of food, generators, etc.. Two years ago I got my order in one or two days. Now it can take weeks. I use TEMU for drills,clothing, rings,etc.. My advantage wait is a month. Very happy with both of them. And I don't care about privacy, sell my information I could care less. I'm not running an illegal business.

  • @Nedankinde93
    @Nedankinde93 6 месяцев назад

    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.

  • @Sandra-qs1mi
    @Sandra-qs1mi Год назад +1

    I'm about 95% happy with my Temu orders. It seems they are often out of a lot of things. So I let items sit in my cart hoping that the other few will arrive soon. When those arrive, others things in the cart then become back ordered. Is this a Temu gimmick?

    • @Sashazur
      @Sashazur 11 месяцев назад +1

      More likely they just ran out of the stuff you already had in your cart. They clearly have lots of new products getting added and old ones going away all the time.

  • @thefozzybear
    @thefozzybear 11 месяцев назад +1

    In a time of inflation, Temu could be a good option for consumers.

  • @AdelynOthman
    @AdelynOthman 4 месяца назад +1

    I love Temu, I’ve received a lot of great things from them, especially my kitchen rugs. They are absolutely amazing exactly what I’ve been looking for a reasonable price. And if something doesn’t fit me or I need to return it, they allow me to keep at least one of my items for free and I don’t have to ship it back. I don’t have a problem with Temu.

  • @marcusanthony9322
    @marcusanthony9322 Год назад +2

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

  • @Mychannel-zb1wz
    @Mychannel-zb1wz 10 месяцев назад +1

    If they manage to keep the delivery within or less than a week they will survive...

  • @jmando5203
    @jmando5203 9 месяцев назад

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

  • @raymorgan4657
    @raymorgan4657 9 месяцев назад

    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.

  • @cuocsongtaimy4822
    @cuocsongtaimy4822 4 месяца назад

    I shop at Amazon and I shop at Ebay, I never shop at Temu because Temu takes three to four weeks to arrive at my place.

  • @maestoso47
    @maestoso47 Год назад +2

    Their ads are beyond annoying.

  • @jez5855
    @jez5855 Год назад +4

    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
      @jonr6680 10 месяцев назад

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

    • @rosygutierrez-m6z
      @rosygutierrez-m6z 8 месяцев назад

      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

  • @MiddleAgedMillennial
    @MiddleAgedMillennial Год назад +1

    So Temu is to Amazon, as Walmart is to small business?

  • @RogerClubv
    @RogerClubv Год назад +2

    I have been a regular consumer of Temu for about 9 months now. I luv it. Tips: if it's dirt cheap, don't buy it cause the quality is probably not good. In other words, it depends on what you buy. Don't pick the cheapest one.

    • @mollykrieg2510
      @mollykrieg2510 Год назад

      Agree .. I have been a regular consumer for the last two months and was surprised at the quality because I expected worse. However you have to make sure you read the details (measurements, quantity etc.) and order accordingly. Occasionally I’ve received an item and thought it might have been bigger based on the picture. But overall you just can’t beat the price.

  • @shaunrosenberg4568
    @shaunrosenberg4568 Год назад

    The problem is that when they scale back some other company will come in offering low prices and lose money looking to replicate Temu's success. So if they raise prices they'll start losing market share.

  • @XSemperIdem5
    @XSemperIdem5 Год назад +1

    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.

  • @timmywilliams1623
    @timmywilliams1623 Год назад

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