Are you trying to find a good marketplace to sell your API? You should keep reading this post!
Today APIs are a very important tool. However, many people make their own APIs that work perfectly and are well designed and they don’t know what to do next.
As APIs became popular the ways to market them also did. One of them is API marketplaces.
If you think of marketplaces you probably have in mind ones like Facebook and Amazon.
An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where multiple third parties can sell products or services. Online marketplaces are the primary type of multichannel e-commerce and can be a way to streamline the production process.
In these, you can sell and buy whatever you want. For example, on Amazon, you can purchase an eBook or you can sell your eBook.
Just like this is how API marketplaces work, but with APIs.
What’s an API marketplace?
Just like a regular marketplace, an API marketplace allows API providers to publish APIs so developers can discover them.
The marketplace also allows providers to monetize their APIs, usually by creating a subscription plan (or a variety of different subscription plans).
If you choose to sell your API in a marketplace, they’ll be devided in categories so it’s easier for developers to find it and purchase it. So, if you want to sell your SMS API all providers will have to do is click on the category SMS.
What are the benefits of an online marketplace?
Some of the biggest advantages of an online marketplace that you can enjoy by publishing your API in an API marketplace are:
– It cuts marketing costs.
– It allows companies to internationalize their business.
– It creates transparency in availability, stock levels, and prices.
– It is a great way for customers to compare prices.
– It allows your company to function 24/7.
– It generates trust between your brand and customers.
– Customers are more likely to purchase from an online marketplace with a wide range of options.
Monetize your API in Zyla API Hub
There are a lot of ways to monetize an API. Just as APIs are diverse the methodologies for monetizing them also vary. But the best way to do it, and the easiest, is with an API marketplace.
If you want to monetize your API in the Zyla API Hub marketplace, for example, you need to click on https://zylalabs.com/api-marketplace and go to developer and then “Add new API”.
Why do developers choose to use a marketplace?
Developers use APIs for all sorts of things. They can help you process payments, send emails and SMS texts, get the current weather, translate between currencies and languages, and much more.
Marketplaces like Zyla API Hub, handle customer acquisition, memberships, key management, rate limits, and payment collection processes so you can focus on just building fantastic APIs.
This is why you should try the user-friendly public hub: Zyla API Hub. With it, you can do things such as:
– Discover and connect to APIs.
– API providers can publish APIS for developers and partners to consume
Also, all APIS has a free plan and your credit card isn’t required.