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Glossary - Acquisition and attribution

MER (marketing efficiency ratio)

MER (marketing efficiency ratio) is total store revenue divided by total marketing spend for a period, across every channel, with no attribution model involved. Ecommerce operators use MER as a whole-business check on marketing efficiency that platform-reported attribution cannot inflate, tracked against a margin-based floor rather than a universal benchmark.

MER = total revenue ÷ total marketing spend
Total revenueAll store revenue for the period - every order, every channel, new and returning customers.
Total marketing spendEverything spent on marketing in the period: ad spend across platforms plus agency fees, affiliate commissions and other variable marketing costs.

Worked example

Example numbers
Store revenue, one month$500,000
Meta $60,000 + Google $30,000 + agency and affiliate $10,000$100,000
MER = $500,000 ÷ $100,0005.0
Marketing as a share of revenue (1 ÷ 5.0)20%
Contribution margin before marketing at 40%$200,000
Left after marketing: $200,000 − $100,000$100,000

A 5.0 MER here leaves 20% of revenue as contribution after marketing. The same 5.0 at a 15% pre-marketing margin would lose money - the ratio means nothing without the margin next to it.

What is a good MER?

There is no universal good MER. The break-even MER is 1 divided by contribution margin before marketing - the same arithmetic as break-even ROAS, applied to the whole account - so a 5.0 can be comfortable at a 40% margin and underwater at 15%.

Beyond margin structure, the right MER depends on posture: heavier prospecting spend lowers MER today in exchange for repeat revenue later, and a rising MER can simply mean you stopped investing in growth. Work out your own floor and target with the free target MER calculator.

MER vs related metrics

MetricWhat it measuresHow it differs from MER
ROASAttributed revenue ÷ ad spend for one campaign or channel.Campaign-level and attribution-dependent; MER is account-level and attribution-free.
POASContribution margin from attributed orders ÷ ad spend.Margin-aware but still attributed; MER stays on revenue and the whole account.
Blended CACTotal sales and marketing spend ÷ all new customers.The same attribution-free logic, pricing customers instead of revenue.

Common mistakes

  1. Undercounting the spend side. Agency fees, affiliate commissions and influencer costs are marketing spend; leaving them out flatters MER.
  2. Reading MER without margin context. Whether 5.0 is good depends entirely on your pre-marketing contribution margin.
  3. Celebrating a rising MER that came from cutting prospecting - efficiency up now, growth starved later.
  4. Using MER to judge a single campaign or channel. It is blended by construction and cannot allocate credit.
  5. Comparing MER across periods with different promo cadence or new-versus-returning mix as if conditions were equal.

FAQ

Yes, in common usage: both names describe total revenue divided by total marketing spend for a period. The point of either name is that no attribution model is involved.

1 divided by your contribution margin before marketing. At a 40% margin, marketing spend consumes the entire margin pool once MER falls to 2.5; anything above that leaves contribution behind.

Because MER cannot be inflated by attribution overlap: it compares money in the bank with money spent. It catches the drift when every platform's ROAS looks fine but the blended picture is getting worse.

Related

In Blufire, S6 Marketing & Channels tracks CM1-MER per channel - the same ratio computed on contribution margin instead of revenue, channel by channel.

Updated July 2026

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