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Is Temu Inflation-Proof? New Report Reveals the Marketplace’s Prices Average 40% Lower Than Amazon’s on the Same or Similar Items
- The marketplace prices on Temu average 40% lower than Amazon for the same or similar items, making it an attractive option for budget-conscious consumers amidst rising costs of living.
- A report from Omnisend highlights that 77% of Amazon-listed products are closely matched by products on Temu, with savings not compromising quality.
- Consumers are saving an average of $13.37 per product on Temu, with significant savings in categories like Appliances and Camera & Photo.
- Some categories on Temu have even higher overlap with Amazon, such as Beauty & Personal Care with a 96% match.
- Temu offers unique finds that are not available on Amazon, with over 250 product categories and 100k suppliers worldwide.
- Customers have been able to explore new passions and hobbies with the savings from Temu, such as building backyard farms and customizing cars affordably.
- Temu prioritizes everyday discounts and offers steeper and more frequent discounts compared to Amazon, with up to 98% discounts in some categories.
- The marketplace's strategic pricing proves that quality products can be offered at significantly lower prices than competitors like Amazon by minimizing middlemen and costs.
- Overall, the report suggests that Temu's pricing structure and diverse product range position it as a cost-efficient and attractive alternative to Amazon for budget-conscious consumers.
- By constantly offering discounts and maintaining competitive pricing, Temu aims to provide consumers with savings and unique finds, contributing to its appeal in the marketplace.
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