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Field notes from the margin frontier.

Practical writing for merchants who want to understand where their money actually goes.

26 ptsAVG SHOWN-VS-REAL GAP
MarginsMay 14, 2026 · 6 min read

Last updated · May 14, 2026

Why your Shopify margin isn't what you think

Shopify shows a healthy gross margin. Your bank account tells a different story. Here's what the dashboard leaves out.

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2.5×HIDDEN PER-SKU ROAS SPREAD
AdvertisingJune 2, 2026 · 7 min read

Last updated · June 2, 2026

How to allocate your Meta Ads spend product by product

Total ROAS hides the products losing money and the ones carrying you. Here's how to attribute ad spend down to the SKU.

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−58%TYPICAL SHIPPING LEAKAGE
OperationsJune 24, 2026 · 6 min read

Last updated · June 24, 2026

Real vs charged shipping: the invisible hole in your P&L

You charged the customer €5.90. The label cost €9.20. Multiply by a year of orders and you have a serious problem.

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