Your blended margin is not your real margin.
It is a number that makes everything look fine while one channel quietly destroys the other.
Most brands running both channels never see this breakdown.
They see one blended number and assume the business is healthy.
It is not. One channel is subsidising the other.
And the one doing the subsidising is usually your highest-revenue channel.
Do you know which channel is quietly costing you margin right now?
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