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API usage is increasing considerably in this 21st century.
It must be created in a standard, consistent, and compliant manner.
APIs must also come with sample codes and clearAPI documentationthat can guide developers well.
How would you make profits out of it?
How to sell your well-crafted API?
An API marketplace is a good option!
All you need is to list your API in an API marketplace and let them handle the rest.
What Is an API Marketplace?
An API marketplace comes with various components that include the provider portal and developer portal.
This part of the API marketplace can be called the provider portal.
you might call this component the developer portal.
It aims to deliver documentation together with specifications, including tutorials and features.
They also let developers onboard securely with the provider through OAuth credentials or API keys.
Many providers still use these portals, but API marketplaces became the most prevalent in recent years.
Its because API marketplaces aggregate many API providers and showcase their products in a single panel.
Hence, its a win-win situation for both buyers and sellers.
Do you still need more motivation?
What Are the Benefits of an API Marketplace?
APILayer
APILayer, a cloud-based SAAS and API provider, launched itsAPI marketplacein February 2022.
This was coupled with its acquisition of Prompt API, a platform for developers to monetize their APIs.
Basically, youll be creating APIs while APILayer handles the rest.
Up next, APILayer gears up for a technical assessment to see if the API meets its quality standards.
Finally, the API is listed on the marketplace if it ticks all the checkboxes.
APILayer gives total freedom to price your products and self-host or choose them for hosting.
In addition, any company or individual can partner with APILayer.
Payouts are monthly, and youll be sharing 15% of revenue with APILayer.
RapidAPI
Market and showcase your API on the largest and most loved API marketplace ofRapidAPI.
It helps you list your API, manage it, and monetize it easily.
You dont have to worry about security anymore as RapidAPI validates each API request.
It assigns API keys to each user for easier user management and quick setup.
Add your API by choosing a flexible pricing model and defining pricing tiers that are best suitable for you.
you’re free to avail of 80% of profits in every transaction.
Rakuten
Rakutenis a popular API marketplace with 1 million+ developer across the globe.
They help you manage, market and sell your API without any difficulties.
It generates docs automatically to help users test the API from any internet tool and start using it instantly.
Integrate your API with the users app through code snippets that are available in multiple languages.
Furthermore, Rakuten RapidAPI also authenticates all the requests.
It manages your invoicing and billing and helps you scale to unlimited API calls at no extra cost.
Choose your plan according to your requirements, which can be either pay-as-you-go or subscription-based.
They charge a 20% monetization fee for every transaction.
AWS Marketplace
One of the most extensively used completely managed services isAmazon API Gateway.
Developers can easily construct, publish, maintain, monitor, and secure APIs at any scale.
