Do you want to find the best way to promote your API? You should try doing it in an API marketplace!
An API marketplace is a user-friendly public hub where API providers can publish APIs for developers and partners to consume.
APIs work as the middle man, allowing developers to build new programmatic interactions between the various applications people and businesses use on a daily basis.
As many of you know API stands for “Application Programming Interface” and a marketplace can be defined as a platform where a third-party seller/supplier and a consumer conduct a transaction over a product or service.
The marketplace also allows providers to monetize their APIs, usually by creating a subscription plan (or a variety of different subscription plans).
The difference between an API portal and an API marketplace
Before mentioning the benefits of an API marketplace, we should mention that an API marketplace is not the same as an API catalog or portal. However, not all marketplaces behave the same and there may be fundamental differences in how they operate.
An API catalog or portal is a list of APIs with links to related sites and may provide information. Therefore, there is no transaction taking place in an API portal.
A single API producer usually deploys a portal. It enables developers to understand how the API works so that they can smoothly incorporate it into applications.
If you want to make an API portal, you have to start with an API management template from scratch. They include many features such as interactive explorers and tutorials for example and they have API documentation.
An API marketplace, on the other hand, brings together several API producers into a single view and allows developers to search and implement the APIs they like. So, in addition to the attributes of a portal, a marketplace aggregates multiple components into a single panel and lets API sellers and buyers connect with each other.
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.