← Every exhibit

Table Table 2 Growth that compounds

What does a MER boundary card look like?

IDBoundaryRevenue numeratorSpend denominatorPeriodResult and limit
B-01Net whole-business MER€480,000 net revenue€120,000 total marketing spendQ24.00x. Baseline blended ratio under the declared boundary.
B-02Gross whole-business ratio€500,000 gross revenue€120,000 total marketing spendQ24.17x. The numerator changed; do not call it a performance lift against B-01.
B-03Media-only ratio€480,000 net revenue€80,000 paid-media spendQ26.00x. Tools, agency, production, and other spend are outside this denominator.
B-04Channel ROAS-like row€240,000 revenue attributed to one campaign€80,000 paid-media spendQ23.00x. This is attributed campaign return, not whole-business MER.
B-05Fully loaded MER€480,000 net revenue€150,000 total marketing plus agency, tools, and productionQ23.20x. A wider denominator lowers the ratio without proving weaker demand.
B-06Same boundary, later period€510,000 net revenue€120,000 total marketing spendQ34.25x. Period changed, so compare only after checking mix, seasonality, and data completeness.

Swipe or scroll horizontally if the table is wider than your screen.

Cite Embed

Reference & Evidence

Source: Table from this essay. Sources and interpretation are given in the article.