Do you want to publish your API on a marketplace and gain money from it? We’ve got the perfect recommendation for you!
Most people are familiar with the concept of marketplaces. In Facebook and Amazon’s marketplaces, for example, you can buy and sell anything.
You can define online marketplaces as a type of e-commerce website where multiple third parties provide product or service information. Online marketplaces are the primary type of multichannel e-commerce and can be a way to streamline the production process.
Just like there are online marketplaces like Amazon and Facebook there are marketplaces for APIs.
Application Programming Interfaces (APIs) keep becoming more important. Every day businesses rely on them more to develop their tech modernization efforts and achieve their goals.
Their importance made them demanded more every single day this is why there are so many API marketplaces and choosing the best one is important.
What’s an API marketplace?
An API marketplace is a user-friendly public hub where API providers can publish APIs for developers and partners to consume.
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).
An API marketplace allows publishing an API without building payment systems, user management processes, and other complicated infrastructure. This can save money and time, especially for smaller providers who may not have the resources to do this on their own. That’s a big perk for providers.
Why use an API marketplace?
Some of the reasons why it’s useful for an API provider to publish in an API marketplace are:
- It allows you to market your APIs to more users
- Thanks to it you could get more feedback from API consumers
- They normally provide statistics, analytics, and other helpful resources to measure the API performance
- It allows you to capitalize your API by offering different subscription plans, making money easily.
- It’s easy to use and allows API providers to create and publish their APIs easily.
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.