How Successful is TEMU’s Referral Program – Sharing Official Stats in 2024
TEMU Referral Program has been the talk of the town for providing immersive success to the firm. However, general buyers are unaware of the realistic facts about this venture, and this article aims to enhance their knowledge by evaluating the TEMU Referral Program Success Ratio.
If you don’t know, the TEMU Referral Program is a marketing stunt in which existing users share their referral codes to invite new shoppers. On average, TEMU rewards the referrer and referee a $20 credit and exclusive discounts on each successful exchange.
According to Official TEMU’s Referral Program Stats in 2023, this reward-based scheme has attracted 35% of new buyers, while the order value of referred shoppers is 20% higher than non-referred. Of course, those figures are appreciable.
Success Stats of TEMU Referral Program
There is no second opinion that the TEMU Referral Program has set a success pitch for the firm to attract new users by granting them discount coupons, store credits, or cash back. In the meantime, the referrals are equal shareholders in this heist.
Here are the evident facts on the success of the TEMU Referral Program in the last year. I would clarify that the data in the part below comes from independent news websites, community forums, and the official TEMU resources.
15 Million Codes Shared in 2022
Believe it or not, around 15 million users of TEMU have shared their referral codes with friends and family by the end of 2022.
$5000 Earning by a Referrer
Following the successful TEMU Referrers Stats, the highest earning figures of TEMU referrer has surpassed $5000 through TEMU Credits and Rewards.
35% Increase in New Users
The firm has also claimed that it has witnessed a surge of 35% new users joining the platform through Referral Codes.
20% High Order Value
According to the stats, a referred TEMU shopper sends 20$ more on orders than a non-referred. Of course, it shows the unmatched conversion rate of TEMU Referral Program.
70% Higher Lifetime Value
Lastly, an independent study has also found that the average lifetime value of referred buyers is 70% higher than non-referred users.
Conclusion
In light of the above stats, I must conclude that the TEMU Referral Program has brought unmatched success for the firm in attracting new users and enhancing sales. Meanwhile, the company’s policy to reward the participants in the referral program is another considerable factor in the overall scenario. If you haven’t used your referral code, go to Profile Settings > Referral Code > Share your Friends > Earn $20 TEMU Credit on new signup and first purchase.
FAQs
copy style
