RevenueWize is a platform powered by artificial intelligence (AI) that helps sellers on Amazon to manage their pay-per-click (PPC), reduce their advertising cost of sales (ACoS), and ultimately increase sales. RevenueWize is the first competitive driven, conversion optimization solution of its kind, helping brands sell on Amazon by using AI predictions to determine how likely shoppers are to purchase an item, given its competition.
RevenueWize was founded in 2018 and is based in Caesarea, Israel. As an official member of Amazon’s Solution Provider Network, RevenueWize has already helped companies selling on Amazon see up to a 25 percent increase in sales, a 16 percent increase in profits, and a 37 percent decrease in time managing PPC.
The company works exclusively with private label companies selling on Amazon, and offers a free plan and paid plans for professionals and agencies. These plans will be discussed in greater detail below.
RevenueWize’s Basic plan is completely free, and is meant for private sellers. It includes all of the following features:
This is an ideal option if you are new to selling on Amazon and don’t know how to manage these features on your own. To sign up, you simply connect your Amazon account to RevenueWize’s service and get started today.
For Amazon sellers looking to take their optimization to the next level, RevenueWize offers a Pro plan starting at $89 per month for companies with up to $10,000 ad spend, and at $149 per month for companies over $10,000 ad spend. This plan includes all the features of the Basic plan, with the following additions:
If you are an agency looking to increase efficiency and improve your client relationships, RevenueWize also has an agency plan, but the pricing is not disclosed. The features, however, are as follows:
Both the Pro and Agency plans have free trials available, but we don’t know how long these trials last. You can cancel your subscription at any time by contacting RevenueWize’s support team.
RevenueWize offers a few nice features that should be mentioned. First, you can connect and manage multiple accounts with the company’s platform. If you sell multiple products under different Amazon accounts, or you manage multiple brands, you can set all of these up with RevenueWize’s software.
Plus, RevenueWize’s optimization solution does not make any unauthorized changes to your existing campaigns, nor does it create new campaigns without your explicit approval. You maintain control of your digital marketing when you create an account with RevenueWize, and the company just helps you manage and optimize your customers’ ecommerce experience.
RevenueWize’s website includes an Amazon Academy with information about advertising measurement terms, Amazon advertising configurations, and Amazon optimization best practices. This information is available to the general public and made easily digestible on RevenueWize’s site, so if you are just looking to increase your know-how when it comes to selling on Amazon, the Amazon Academy could be a great help to you.
To get the features and benefits of the Pro plan with RevenueWize, you have to be willing to pay at minimum $89 per month. This is a lot more money than it costs to even sell merchandise on many ecommerce platforms, so you would be incurring another monthly fee on top of what you are already paying to be an online seller.
In order to really get the full value out of RevenueWize’s platform, you need to already understand your ACoS and what impacts it. Otherwise, the features that RevenueWize offers to you won’t really help you to optimize your sales, because you won’t know which direction to go with the information provided to you.