What is API monetization?

APIs are the cornerstone of what is widely seen as the next iteration of business development. APIs are the wholesale version of a web presence, allowing others to access and integrate your data and resources into their public or private sites and applications.

Hopefully by the time you have put an API management plan in place, you already have a healthy business model as well, which should provide a framework for your monetization goals. It’s not just about how you are going to generate revenue with your API, it is also about how you will keep your API in operation and performing for consumers.