Solutions · B2C · Ecommerce

Revenue reconciled,
not platform-inflated.

Shopify-first ecommerce, attributed properly. We reconcile ad platforms against orders, plug checkout leaks, and rebuild the second-order economics that determine whether growth compounds.

Commercial model

First-order margin is thin. The second, third and fourth aren't.

Modern DTC and ecommerce economics live or die on repeat rate. First-order margin is often flat or negative after CAC, shipping and returns — so any growth model that ignores retention is really an acquisition tax.

Why this hits EBITDA

Contribution margin is the number.

  • Ad platform revenue commonly overstates landed Shopify revenue — budget follows the wrong signal
  • Under-invested brand and organic show up as rising paid dependence next year
  • Repeat-rate lifts fall almost directly through to contribution margin
  • Inventory sold out on bestsellers with paid still running is pure margin loss
Audience & operating model

Who this is built for.

DTC and multi-channel consumer brands from £3m to £150m — typically on Shopify or a headless commerce platform, Klaviyo, Meta and Google Ads, TikTok, and a small in-house growth team supported by specialist partners. The stack is connected; the reconciliation isn't.

Reconciliation, not certainty

Ad claims, Shopify evidence, honest limits.

Platform-claimed
What the ad networks report
  • Meta, Google, TikTok — each reports the revenue it believes it caused
  • Retail media and affiliate — separate windows, separate models
  • Summed, platform-claimed revenue commonly exceeds landed Shopify revenue
Evidence sources
What actually landed
  • Shopify orders, refunds, discounts and returns
  • GA4 sessions and server-side events
  • Klaviyo / email attribution and consent state
  • Finance — recognised net revenue
Known limitations
Where confidence, not certainty, is honest
  • iOS 14+, ITP and consent posture reduce deterministic tracking
  • View-through and cross-device paths remain probabilistic
  • Attribution windows differ between platforms and are documented, not glossed over
Operator review
Senior operators reconcile the numbers, weigh confidence and agree the commercial view with your team.
Agreed commercial view

One reconciled view that operators, marketing and finance work from — with confidence bands and known gaps documented, not hidden. This is a reconciled view, not a claim of perfect attribution.

A reconciled ecommerce revenue view — one that founders, media leads and finance can work from — with confidence bands and known gaps documented. Not a claim of perfect attribution.
First order to second order

Where DTC economics actually live.

  1. Cohort economics
    Repeat-rate economics
  2. 01
    First-order cohort
    By channel, category, offer
  3. 02
    Onboarding · welcome
    Post-purchase, review, cross-sell
  4. 03
    Second order
    The moment DTC economics get real
  5. 04
    Repeat & loyalty
    Category cadence, subscription, VIP
  6. 05
    Lapsed & win-back
    Modelled by expected value
First-order margin is often flat or negative after CAC, shipping and returns. The second order is where the business exists. Attributed sequences retention and reactivation around cohort decay, not send calendars.
Typical growth leaks

Where the money leaks.

  • Ad platforms reporting revenue materially higher than Shopify's landed number — budget follows the wrong signal
  • Mobile checkout drop-off consistently higher than desktop, uncaught for months
  • Brand and organic revenue systematically under-credited — so investment starves
  • Lifecycle programmes optimised for send volume, not for cohort curves
  • Bestsellers going out of stock with paid traffic still active
  • Returns treated as ops overhead rather than a contribution-margin line
Connected system

What Attributed builds.

Acquisition + Activation
  • Full-funnel media reconciled against Shopify orders, not GA4 sessions
  • Creative testing programme measured against first-order and second-order revenue
  • PDP, cart and checkout diagnostics, mobile-first
  • Express payment, shipping-cost transparency, form-field reduction
Retention + Intelligence
  • Cohort economics by acquisition channel, category and offer
  • Lifecycle programme redesigned around cohort decay, not send calendar
  • Reactivation and win-back with expected-value modelling
  • Weekly reconciled revenue view for founders / commercial leadership
Senior operators own it

Who does the work.

A senior paid operator owns platform strategy and creative testing. A senior CRO / ecommerce operator owns PDP, cart and checkout. A senior lifecycle operator owns Klaviyo, second-order triggers and reactivation. A senior measurement operator owns the reconciliation with finance.

Findings, Recommendations & Alerts

What Intelligence surfaces for ecommerce.

  • Findings — channels whose platform-claimed revenue diverges from Shopify; mobile drop-off outside baseline
  • Recommendations — creative rotations, PDP tests, checkout rebuilds, lifecycle changes tied to contribution
  • Alerts — bestsellers approaching stockouts with paid live, tracking regressions, consent drops
  • Implementation Packs — GA4 ↔ Shopify reconciliation, mobile checkout rebuild, cohort lifecycle redesign
Implementation priorities

Where we sequence first.

  1. 1
    Reconcile Shopify against the ad platforms

    One weekly revenue view founders, media leads and finance work from — with confidence bands.

  2. 2
    Fix the highest-value checkout leak

    Mobile-first, based on where the £ impact is largest rather than the vanity conversion.

  3. 3
    Rebuild lifecycle around cohort decay

    Replace calendar sends with cohort-triggered programmes that compound contribution margin.

  4. 4
    Instrument reactivation by expected value

    Score lapsed customers continuously; win-back against expected LTV, not blanket discounts.

  5. 5
    Publish reconciled MER and repeat rate weekly

    Board-ready commercial narrative with what changed, why and what to do next.

QA & validation

How we know it moved.

  • Every checkout change ships with a rollback plan and mobile-first QA checklist
  • Reconciliation views documented with attribution windows and known gaps
  • Lifecycle changes measured on holdout so uplift is measurable, not inferred
  • Every material change opens an Implementation Pack with named owner and success metric
Success metrics

What we report against.

Primary
Attributed Shopify revenue by channel
Efficiency
MER and blended contribution margin
Compounding
Repeat rate and second-order rate by cohort
Mobile
Mobile revenue per session vs desktop
Connected system

Media, checkout and lifecycle on one attribution model.

Acquisition

Full-funnel media priced against Shopify orders and second-order revenue, not GA4 sessions.

Activation

PDP, cart and checkout diagnostics — mobile-first, tested against baseline before scaling spend.

Retention

Cohort decay drives lifecycle and reactivation; loyalty pays back against contribution margin.

Intelligence

One reconciled revenue view across ads, GA4, Shopify and finance — refreshed weekly.

Book a Growth Review.

Connect Shopify and Google Ads read-only. We'll walk through the reconciliation gap in the session.