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One question that our customers frequently ask us is, “How can I generate revenue from my APIs?” With the increasing demand for digital transformation, exposing services as APIs has become a key business need. As an API provider, you need an easy and flexible way to monetize your business APIs so that you can generate revenue for the use of your APIs.
Moreover, subscribers can also choose the best possible subscription plan with the optimal billing plan. Hence, enabling monetization for APIs will be beneficial for both API providers and subscribers.
You can use the new monetization features in WSO2 API Manager to create different monetization plans that can be used to charge developers and subscribers for the use of your APIs.
The deck discusses the following:
- The importance of API monetization
- Benefits of monetizing your APIs and maximizing profit generation by exposing APIs
- Collection and summarizing statistical data related to API usage
- Using a payment platform for invoicing and collecting payments
- Creating multiple revenue streams by exposing services as APIs
Watch the webinar on-demand here: https://wso2.com/library/webinars/2019/12/mine-your-apis-for-gold-api-monetization/