A top concern for treating your API as a product is creating a profitable business model. However, on the face of it, immediately charging people to use an API might seem like a strange thing to do, as adding a barrier to entry isn’t always desirable for Software-as-a-Service (SaaS). Read more
Posts Tagged: revenue
At Nordic APIs we live in the backend, where the Application Programming Interface (API) is king. We believe in an API’s ability to make design and development easier, and we trust in its capability to improve the end-user experience. As mobile apps and Software as a Service (SaaS) providers continue to rely heavily on APIs, it’s an ideal time to revisit how APIs can increase user retention rates, and most importantly, how APIs can boost overall revenue. Read more
You’ve spent countless hours working on your new API. You followed all the standards and best practices. You executed an API-first strategy. You listened to your app’s users and to developers. You were careful to include the features they needed. One thing you have not yet figured out though is how you will make money with your API! Read more
What is the most important thing your business needs? Cash! And how do you get cash? Customers! Without customers, there is no revenue, and the ability to acquire customers is what distinguishes a successful business from a failing one.
In this article, I will show you five ways to increase your business revenue by offering an API that third-party developers can use to build apps and consume your information. Read more