Are you a new programmer looking for a way to make money with your API? If the answer is yes, keep reading!
As you may know, an API is a set of tools and functions that can be used by developers and businesses to enhance an application. When you create an API, you can monetize it by allowing other people to integrate it into their own software or websites.
The problem is that many programmers don’t have a clear idea of how to start making money out of their APIs. That is why we’ve decided to take on this topic. In this article we will be talking about three ways to make money out of APIs:
3 Ways You Can Make Money With An API
The first one, and most intuitive, is to sell access to your API directly from your website at a cost per usage model (CPM). This is a great way if you already have a name or brand that is well-known throughout the Internet.
However, if you are just starting, it can be difficultt because you won’t have much exposure. So, you’ll have to promote your API yourself, and this will demand you a lot of effort and marketing knowledge you may not have. On top of that, you’ll have to manage customer support and legal stuff the moment you get clients. This is a lot, and it will leave you with little time to develop more APIs!
The second option is to sell data generated by your API. If you’re using your APIs to generate valuable data, then you can use that data as a way to make money from it. For example, if you provide financial information through your API; then you could sell access to that data on its own or include it in reports or other documents that businesses want to purchase from you.
But, this way comes with greater effort than the last one; because you’ll have to update the data everytime someone request it. And, of course, you need to promote your service and be 100% available to coustumers’ requests, questions, payments, and a lot more!
The third option, according to us, is the best way a new programmer can make money with an API; and is by using an API Marketplace. This is an online platform that allows programmers to easily promote and sell their APIs to other programmers or companies. And, in the same way; allows anyone to find and connect to new APIs that can be used to improve ones project.
Why You Should Use An API Marketplace?
An API Marketplace is ideal because you only need to upload your API and that’s it. No marketing, no client support, or taking care of legal stuffs; those are all the marketplace’s responsabilities. So, if you are interesting in giving this option a try; we suggest you to use a reliable platform like Zyla Hub.
Zyla Hub is a user-friendly API marketplace where you can upload, promote and monetize your APIs for others developers and partners to consume. Since this platform is currently being used by thousands of users,(ranging from individual developers to large corporations); it will connect you to a large market of clients and sellers that need your services.
To begin profiting from your API, simply upload it. Zyla Hub will handle everything else, including promoting your API, customer acquisition, memberships, key management, rate restrictions, and money collection. This way, you’ll be able to concentrate on earnings and developing outstanding APIs! For additional information visit https://zylalabs.com/api-marketplace
Related post: How To Monetize Your Data Protection API With An API Marketplace
Also published on Medium.