Have you developed an article extraction data software and don’t know how to monetize this API? In this article, we tell you what strategy you can apply to boost your program without spending too much money. All you need to know and more is waiting for you below these paragraphs!
If you are new to the software industry, you have to learn what the meaning of an API is. The acronym stands for the words Application Programming Software. What does this expression relate to? It is a set of protocols that usually have one endpoint where you can put a call -a word or line of code- and obtain a result. There are as many types of API as topics you can think of and in diverse areas.
An article extraction API is, for example, a code program that you can use to scrape and retrieve information from this format of online text. So, once you put an URL, you get back pertinent data like title, text, publication date, or media links. Ads, banners, and other non-essential elements can be ignored as well. It has filters, so you will only get the information that you need on the article you choose.
What are the different cases of use? Your potential customers could be any marketing firm or news organization looking to build a database. They usually need to extract the most crucial details from a collection of writings. So, this API is perfect for organizing tons of articles or sort them to find certain information. The title of the article, the author name, the date of publishing, the body text, and tags should all be included.
To build the right API monetization strategy for your article extract software, you should pay attention to the following questions:
- What is the goal your API looks for?
- What are your audience and niche?
- Where can you find them?
- What gaps are you addressing?
- What tasks are you ready to delegate to others -if you work with partners?
- What is the best way to introduce your product? What is its function? Can you give a practical example?
- Do you consider offering it in an online shop?
The third and seventh points join in the same position: a MarketPlace. This is a user-friendly public hub called where providers can publish their APIs for use by partners and developers. You must publish your product in a marketplace to monetize it and help it grow. Additionally, you can create subscription tiers for increasing your revenue.
Although it is the most convenient way to get money and boost your software, we recommend offering a free plan. With two or three functionalities, you can captivate your customers and if they want more they will have to sign in.
And the best MarketPlace we can suggest to you is ZylaAPIHub. It has more than 9 categories of APIs and gives you the option of building your API presentation. This includes help with pricing, marketing content, and first-level support. Boost your article extraction API with ZylaAPIHub!