A Practical Guide to Maximizing Revenue from API Usage

This article provides a comprehensive guide on selecting the right pricing model for APIs, emphasizing the importance of considering factors such as target customers, intrinsic value of API, costs of maintenance, market competition, and benefits of usage-based pricing. It discusses standard pricing models like bundled access, monthly subscriptions, and usage-based charges, along with important metrics that determine API pricing, including per API call, per request/response body count, per unique user, and per API key. The article also highlights the significance of API analytics in understanding users' needs and mentions Togai as a metering and billing solution to streamline pricing strategies.