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Glossary - Margin and unit economics

Fixed costs

Fixed costs are the operating costs that stay roughly the same regardless of how much you sell - rent, salaries, software, insurance. They are measured per period rather than per order, and an ecommerce operator uses them to work out how much contribution margin the store must generate to break even.

Fixed costs per period = rent + salaries + software + insurance + other overheads that do not move with order volume
VariableWhat it covers
RentOffice and warehouse leases - the same bill at 100 orders or 1,000.
SalariesTeam wages, including the owner's - the line most often left out.
Software & other overheadSubscriptions, insurance, accounting and everything else billed per period, not per order.

Worked example

RentA$6,000 /mo
Salaries (including the owner)A$18,000 /mo
Software, insurance, accounting & otherA$2,500 /mo
= Total fixed costsA$26,500 /mo
Orders to cover them, at A$27.60 contribution per order26,500 ÷ 27.60 ≈ 961 orders

Example numbers. The A$27.60 contribution per order comes from the A$120 order stepped down on The Math.

What is a good fixed cost base?

There is no benchmark number - a store running lean on a 3PL and a store carrying its own warehouse can both be healthy. What matters is coverage: how many orders of contribution margin it takes to pay the fixed bill, and how much cushion sits between that break-even volume and the volume you actually do. The trade-off is operating leverage: a lean base breaks even sooner, while a bigger base only pays if it buys margin or growth. Map your own base with the free Shopify P&L template, then divide it by your contribution per order.

Fixed costs vs related metrics

MetricWhat it measuresHow it differs from fixed costs
Variable costsCosts that scale with every order - COGS, shipping, fees, ad spend.The mirror bucket. Variable costs move with volume; fixed costs move with time.
Contribution marginRevenue minus variable costs.The pool that pays the fixed bill - fixed costs are deliberately kept out of it.
Break-even pointFixed costs ÷ contribution per order.The number fixed costs directly set: every dollar of overhead raises the orders needed.
Net marginProfit after all costs, fixed included.Net margin is where fixed costs finally land; contribution margin is measured before them.

Common mistakes

  • Treating fixed as forever. Fixed costs are fixed against volume, not time - they step up in tiers as you outgrow a warehouse or add headcount.
  • Forcing semi-variable costs into one bucket. A 3PL bill mixes per-order pick-pack (variable) with monthly minimums and storage (fixed). Split it.
  • Spreading fixed costs across orders. A per-order overhead allocation changes every month with volume and corrupts unit economics - keep fixed costs out of the per-order view.
  • Leaving out the owner's salary. A store that is only profitable because nobody pays you is not profitable.
  • Letting subscriptions accrete. Fixed costs only fall when someone cuts them - review the software stack on a schedule.

Fixed costs FAQ

No - they are fixed against order volume, not against time. They step up in tiers as you scale (a bigger warehouse, more headcount) and drift upward if nobody reviews them.
No. Contribution margin removes only the costs that move with the sale; fixed costs come out afterwards, on the way to net margin. Mixing them in hides whether the next order makes money.
Both: per-order pick-pack fees are variable, while monthly minimums and storage fees behave as fixed. Split the invoice rather than classifying the whole bill one way.

Related

Blufire S2 Unit Economics keeps fixed costs where they belong - out of the Profitability Cube's per-order view, and visible in the CM waterfall & bridge on the way to net. The Math teaches the full step-down free.

Updated July 2026

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