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    Ecommerce & Retail · capability model · channel economics

    Capability ModelA modelled capability, not a client account. Figures illustrate what the model produces and are labelled as modelled wherever they appear.

    Same publisher, same window: ~11.7% conversion on Amazon vs ~1.3% on the brand's own paid traffic

    Most channel comparisons in ecommerce are two figures from two publishers with two definitions, which proves nothing. This one is not: the same measurement provider, over the same twelve months, puts Amazon Ads conversion at 11.7% and paid traffic to brands' own sites at 1.3%. The model works out what that gap is actually made of, and what it costs to use.

    11.7%

    Amazon Ads conversion rate

    Modelled figure — not a client result

    1.3%

    Paid traffic conversion, brands' own sites

    Modelled figure — not a client result

    $13.98

    Cost per acquisition, Amazon

    Modelled figure — not a client result

    $23.20

    Cost per acquisition, brands' own paid traffic

    Modelled figure — not a client result

    $8.08

    +39% year on year

    Amazon cost per thousand impressions

    Modelled figure — not a client result

    Modelled. Inputs: Triple Whale, Amazon Ads Benchmarks 2026 (2,800+ brands); Triple Whale, Ecommerce Benchmarks 2026 (53,000+ brands, August 2025 – July 2026); Klaviyo, 2026 Email Marketing Benchmarks (183,000+ customers); Omnisend, 2026 Ecommerce Marketing Report (20B+ campaign emails, 27,000+ brands). Modelled outputs are not a forecast or a guarantee of results. Cited: Ad Badger *Amazon Advertising Stats 2026*. Figures refreshed 2026 against Ad Badger 2026.

    At a glance

    The engagement in brief

    Services

    • Paid Search
    • Paid Social
    • Email Marketing
    • CRO
    • Reporting
    • Positioning

    Stack

    • Ecommerce platform
    • Amazon Ads
    • Google Ads
    • Meta Ads
    • Email and SMS platform
    • Analytics
    • Margin model

    The situation

    What we walked into

    A brand running both a marketplace listing and its own store is running two businesses with two cost structures and usually one profit and loss statement. The published figures make the difference stark. Amazon Ads converts at 11.7% with a $13.98 cost per acquisition and a 3.08 return on ad spend. Paid traffic to brands' own sites converts at 1.3% with a $23.20 cost per acquisition and a median order value of $61.22. The comparison is worth making because the publisher and the twelve-month window are the same on both sides, which is rarer than it sounds and is the only reason the two numbers can sit in the same sentence.

    Six times the conversion rate at roughly half the acquisition cost — and the cost per thousand impressions on that channel rose 39% in a year.

    What we found

    The diagnosis

    1. 01

      The gap is intent, and intent has a price attached

      A shopper searching on a marketplace has already decided to buy something in the category and is choosing between listings. A click on a brand's own site is frequently the first contact with the brand. The marketplace is not converting better because the page is better, it is converting better because the decision was made before the impression was served. That advantage is bought, not earned, and the price of it is rising: cost per thousand impressions up 39% year on year.

    2. 02

      Return on ad spend spreads three-fold across categories while acquisition cost barely moves

      Automotive returns 3.27 and health and wellness 1.55, a 2.1x spread. Cost per acquisition across the same categories runs $49 to $37.85, a 1.28x spread. The variable doing the work is order value — $116.34 in automotive against $60.12 in pets — not media efficiency. Automotive achieves the highest return in the set on the lowest conversion rate in the set, at 1.59%.

    3. 03

      The category ranking flips depending on which number you optimise

      Food and beverage has the highest conversion rate of the measured categories at 2.60% and one of the lowest returns at 2.03, because its order value is $63. A brand told to improve conversion and a brand told to improve return on ad spend will build two different businesses from the same starting point.

    4. 04

      Flows are 5.3% of sends and about 41% of email revenue

      Automations run a 4.66% click rate and a 1.49% conversion rate against 0.74% and 0.08% for campaigns, and $3.41 revenue per email against $0.155 — a 22-fold difference per send. Revenue per recipient on flows runs roughly eighteen times the campaign figure. The split is the clearest allocation signal in the whole ecommerce benchmark set.

    5. 05

      The number everyone quotes for email's share of store revenue does not have a source

      The circulating claim that email drives 30 to 40% of total store revenue traces back to a single agency's own portfolio of about fifty brands, not to an independent study. There is no credible primary source for it. We do not use it, we do not model against it, and a plan whose case rests on it is resting on one agency's client list.

    The number behind it

    What this is built around

    Amazon Ads conversion **~11.7%** vs off-Amazon ecommerce **~1.3%** (same-publisher comparison; updated from the older 11.7% / 1.3% pairing). Amazon avg CPC ~$1.22, ACoS ~30.7%.

    What we built

    The system

    The model puts margin before channel. Phase one builds a contribution view per channel: landed cost, marketplace take rate, fulfilment, media and returns, so the marketplace and the owned store are compared on what is left rather than on conversion rate. Phase two allocates media against that view instead of against blended return on ad spend, which systematically favours whichever channel happens to carry the higher order value. Phase three builds the lifecycle layer, on the basis that the owned store is where a repeat relationship is possible and the marketplace is where it is structurally not. Reporting separates first orders from repeat orders throughout, because a blended acquisition cost in a two-channel business describes neither channel.

    Same publisher, same window: ~11.7% conversion on Amazon vs ~1.3% on the brand's own paid traffic — stackA stack of 8 connected layers, from "Category order value and margin" through to "Budget allocation", each feeding the one below it.Category order value and marginOwned-store paid trafficMarketplace listingMarketplace adsEmail flowsEmail campaignsContribution per channelBudget allocation

    The sequence

    How it was delivered

    1. Weeks 1–3

      Margin model

      Landed cost, take rate, fulfilment, returns and media assembled into one contribution view per channel

      Owner: OmniFlow + client finance

    2. Weeks 2–4

      Channel baseline

      Conversion, acquisition cost and order value measured per channel on the brand's own data

      Owner: OmniFlow

    3. Weeks 4–8

      Reallocation

      Media rebalanced against contribution, not against blended return on ad spend

      Owner: OmniFlow

    4. Weeks 6–12

      Lifecycle layer

      Flows built and reported separately from campaigns, revenue per recipient tracked per flow

      Owner: OmniFlow

    5. Month 6

      Review

      Contribution per channel, first-order versus repeat-order acquisition cost, flow share of email revenue

      Owner: OmniFlow

    Outcome

    What the model produces

    The model reports contribution per channel and never blends the two. At published rates a marketplace order converts roughly six times more often at roughly 60% of the acquisition cost, and arrives carrying a take rate the owned store does not pay and a customer relationship the brand does not own. Those are two different trades and the arithmetic decides them separately per category, because the published conversion gap is widest exactly where order value is lowest. Every benchmark here is replaced by the brand's own figures once the margin model exists, which is usually inside three weeks.

    Modelled. Inputs: Triple Whale, Amazon Ads Benchmarks 2026 (2,800+ brands); Triple Whale, Ecommerce Benchmarks 2026 (53,000+ brands, August 2025 – July 2026); Klaviyo, 2026 Email Marketing Benchmarks (183,000+ customers); Omnisend, 2026 Ecommerce Marketing Report (20B+ campaign emails, 27,000+ brands). Modelled outputs are not a forecast or a guarantee of results. Cited: Ad Badger *Amazon Advertising Stats 2026*. Figures refreshed 2026 against Ad Badger 2026.

    Inputs

    What the model is built on

    Every figure below is published research, not a client result. They are the inputs to the arithmetic above, listed so it can be checked rather than taken on trust. The bracketed number points to the full citation at the end of this page.

    11.7%

    [1]

    Amazon Ads conversion rate

    12 months to 2026, 2,800+ brands

    1.3%

    [2]

    Paid traffic conversion, brands' own sites

    August 2025 – July 2026

    $13.98

    [1]

    Cost per acquisition, Amazon

    12 months to 2026

    $23.20

    [2]

    Cost per acquisition, brands' own paid traffic

    August 2025 – July 2026

    $8.08

    [1]

    Amazon cost per thousand impressions

    12 months to 2026

    The published figures, side by side

    Rates share a 0–100% scale. Costs and counts are scaled against the largest value shown.

    • Amazon Ads conversion rate[1]11.7%

      12 months to 2026, 2,800+ brands

    • Paid traffic conversion, brands' own sites[2]1.3%

      August 2025 – July 2026

    • Cost per acquisition, Amazon[1]$13.98

      12 months to 2026

    • Cost per acquisition, brands' own paid traffic[2]$23.20

      August 2025 – July 2026

    • Amazon cost per thousand impressions[1]$8.08

      12 months to 2026

    Run the model on your own numbers

    Change the volume and the target rate. Everything else is held at the published benchmark above, so the output is arithmetic you can check rather than a claim.

    Fixed inputs, from the research cited on this page:

    $14Cost per acquisition, Amazon[1]

    12% — Amazon Ads conversion rate[1]

    Media spend, unchanged

    $419

    People actually reached today

    4

    Reached after the fix

    11

    Gained on the same spend

    +8

    Cost per person actually reached falls from $119 to $38 — on identical media spend. The lead number does not move; the number of them you speak to does.

    Arithmetic on the published inputs above. It describes what the model produces at those rates, not a forecast of any particular firm's result.

    Reporting

    What you would actually see

    These are the surfaces this engagement is run and measured from, shown with representative figures built around the benchmarks cited on this page. Every account we run reports into views like these, and you keep ownership of all of them.

    These are demo dashboards. They show the reporting surfaces this engagement is run and measured from, with representative figures generated around the published benchmarks cited on this page — not a client account and not a client result. Live reporting for your own account replaces every number here.

    Google Analytics 4

    Ecommerce & Retail · all web data

    Demo
    Acquisition overview
    Last 12 months vs. preceding period

    Sessions

    5,550

    +78.3%

    Key events

    649

    +97.9%

    Session key event rate

    11.7%

    +3.3%

    Engagement rate

    55.3%

    +2.1%

    Sessions by month

    AprJunAugOctDecFeb

    Dashed line marks the month the engagement started.

    Session default channel groupSessionsKey eventsRate
    Organic Search2,43338916.0%
    Paid Search1,2341219.8%
    Direct1,00016716.7%
    Referral4697014.9%
    Organic Social414399.4%

    LinkedIn Campaign Manager

    Sponsored Content · Ecommerce & Retail audience

    Demo
    Campaign performance
    Last 12 months

    Impressions

    132,057

    +57.4%

    Clicks

    644

    +63.1%

    CTR

    0.5%

    +0.09%

    Cost per lead

    $13.98

    -10.0%

    Impressions by month

    AprJunAugOctDecFeb

    Dashed line marks the month the engagement started.

    CampaignImpr.ClicksLeadsCPL
    Thought leadership — practice leads44,89921915$13.98
    Problem-aware — retargeting34,33516711$13.98
    Case study download29,05314210$13.98
    Webinar registration23,7701168$13.98

    CRM pipeline

    Ecommerce & Retail · inbound and outbound

    Demo
    Pipeline by source
    Last 12 months

    Leads created

    95

    +75.5%

    Qualified

    43

    +86.8%

    Meetings booked

    20

    +90.6%

    Answered on first attempt

    72.5%

    +14.5%

    Leads created by month

    AprJunAugOctDecFeb

    Dashed line marks the month the engagement started.

    First-touch sourceLeadsQualifiedMeetings
    Google Ads — high intent29136
    Organic search26125
    Business Profile — call1884
    LinkedIn outbound1363
    Referral942

    Method

    How this is measured

    Each figure on this page, the system it is read from, and the definition and window it is measured over.

    Every figure on this page, the system it is read from, and how it is defined
    FigureRead fromHow it is definedStatus
    Amazon Ads conversion ratepublished benchmark12 months to 2026, 2,800+ brandsPublished
    Paid traffic conversion, brands' own sitespublished benchmarkAugust 2025 – July 2026Published
    Cost per acquisition, Amazonpublished benchmark12 months to 2026Published
    Cost per acquisition, brands' own paid trafficpublished benchmarkAugust 2025 – July 2026Published
    Amazon cost per thousand impressionspublished benchmark12 months to 2026Published

    Honestly

    What we would do differently

    Not applicable — this is a modelled engagement. Its weakest input is that both sides of the headline comparison come from a self-selected panel: brands that installed one analytics tool, which skews toward a particular size and a particular direct-to-consumer shape. Same publisher and same window remove the definitional problem, not the sampling one, and the Amazon and own-site populations are not necessarily the same brands. The margin model exists to make the comparison on the brand's own numbers before any budget moves.

    Evidence base

    2 sources, 1 publishers

    Full citations for everything cited on this page, with the sample and period each study covers, so you can go and read the original.

    Published research

    1. [1]

      Triple Whale, Amazon Ads Benchmarks 2026

      2,800+ brands

      Supports: Amazon Ads conversion rate · Cost per acquisition, Amazon · Amazon cost per thousand impressions

    2. [2]

      Triple Whale, Ecommerce Benchmarks 2026

      53,000+ brands, August 2025 – July 2026

      Supports: Paid traffic conversion, brands' own sites · Cost per acquisition, brands' own paid traffic

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