Make Money As A Developer By Selling APIs (2024)

This guide will teach you how to make money by posting your custom APIs on RapidAPI, the world's largest API Marketplace. RapidAPI is used by developers to discover and connect to thousands of APIs.

I have created a preview API and hosted it on Heroku to demonstrate what you will do in this guide. It is a simple API that returns the world's top 10 most populated countries. The goal is to make this API available on RapidAPI Hub to monetize it.

To monetize our newly built API, we can use RapidAPI, which provides different plans and pricing options for the users to use that API.

On RapidAPI Hub, you can also see a ton of APIs for anything you want to do in your project or whatever you want to implement. So if you go to its website, you'll be able to see wide varieties of APIs that you can use

For example, if you search for SMS service API, you will find a plethora of APIs for that service. That is what RapidAPI is all about.

You can easily obtain the APIs you require, but as a developer, you can also build your own API, publish it on the RapidAPI Hub, and make money from it. So, in this guide, that is what we will be doing.

As I previously demonstrated, the world's top 10 most populous countries are returned via our preview API. The first step is verifying this using a platform called Paw.

Once you open the Paw application, you need to paste the link (https://top-countries-api.herokuapp.com/top-populated-countries) of our API on the search bar and make a GET request. You will see a 200 status code. In the Response section, you will see China, India, the United States, and other countries with their population values.

This demonstrates that our API is functional and can now utilize as needed. You can leverage their APIs and become inventive if you want to construct an API to obtain the most recent news, learn about the current weather, or even play a game.

Once your API is built and hosted on Heroku, you can add to RapidAPI to continue the process. You can go to RapidAPI Hub and Sign up for a free account as well.

From here, the next thing to do is go to the top right corner and click on My APIs. Once you click on that, it should take you to this dashboard, where you see a list of APIs you've created before and the analytics for all.

Since you might not have created any API using this platform, let's say it is your first API; you just need to come to the top left corner and click on Add New API.

Once you click on that, you can create a new API on RapidAPI Hub. Let's start making a new API.

Add New API

The first step is to write the API name. Let's just say it is Countries Population. In the Short Description section, you can write Get the population of the top 10 countries. In the Category section, you can select News, Media. Let's specify our API using UI and click on Add API.

Once you click on Add API, it will ask for other information such as write, short description, long description, upload image, website, and terms of use. We can skip this information, except for the website. You can paste the copied URL earlier, i.e., https://top-countries-api.herokuapp.com/, and let's just click on save.

Add Base URL

The second step is to add the Base URL. For this, we need to click on configure. We will add the base URL to the API, and then we will click on save. Our base URL is this: https://top-countries-api.herokuapp.com/

Create an Endpoint

In the next step, let's create an Endpoint. We need to name it first. Let's name it "Get Top 10 Countries". In the Description, you can write Get the population of the top 10 countries. Lastly, let’s add the API endpoint, i.e.,/top-populated-countries.

Once you have completed the information, let's click Save to Test Endpoint. Here we can also click on Test Endpoint. You will see that it is verified 200. Let's click on save.

So now that we have that particular Endpoint saved, the next thing that we want to do now is to add our Plans & Pricing.

This is where our APIs generate revenue. You will notice that we have various pricing plans in this section. The BASIC plan is free and gives users limited access to API. We can also change the free BASIC plan. Instead of unlimited, we can choose monthly in Quota Type. We can also set a monthly Quota limit of 2500 times. We can set Limit Type to Hard Limit; once that's done, we can simply click save.

We can also charge users using the PRO plan. As with the BASIC plan, we will fill all the categories in the PRO plan, but for Overages, we can charge $0.2 USD per extra. We can save by clicking the Save button. As you can see, we have two plans prepared. And once you've completed all of this, you're ready to make your API public.

You are now ready to make our API available to the public. To complete the process, simply toggle the Private button to Public and click Make API Public.

So, now that our API is public, we can simply click on Viewing Hub. As you can see, we only have one endpoint that says Get Top 10 Countries. We can also test the Endpoint to ensure that everything is working correctly.

You can see the population of India, China, and so on. This indicates that the API in question is operational. We also have a pricing plan that we added to it that allows you to make money with your API.

Wrap up

That's all for now, folks! We built and monetized our API successfully. So go ahead and experiment with it to create exciting APIs.

Make Money As A Developer By Selling APIs (2024)

FAQs

Make Money As A Developer By Selling APIs? ›

2: Sell Your API Data. Businesses have an additional avenue to generate revenue from their API by capitalizing on the data that is stored, collected, and amassed through it and subsequently offering this information to third-party entities for a good sale.

Is API development profitable? ›

Conclusion: APIs have arisen as a lucrative option for businesses to build, sell, and survive in the quickly evolving digital ecosystem.

Can APIs be monetized? ›

Data Monetization: In this model, businesses monetize the data accessed through the API. Users might pay to access unique datasets, analytics, or insights the API provides. Indirect Monetization: Not all APIs are monetized directly. Some are offered for free to drive engagement to the main product or service.

How to generate revenue from API? ›

Revenue share: The revenue for the API is split between the provider and the developer. This makes sense when the API provider benefits each time the API is used. For example, a travel website created by a developer might expose an API provided by a car rental agency.

Can I make money from Rapid API? ›

That is what RapidAPI is all about. You can easily obtain the APIs you require, but as a developer, you can also build your own API, publish it on the RapidAPI Hub, and make money from it.

Can you really make money selling APIs? ›

Companies that offer significant data or services via their APIs, such as weather updates, financial data, or e-commerce functionalities, frequently use this pricing model. This is a way to monetize your APIs and make money out of them in a simple way.

How much do API developers make? ›

Api Developer Salary
Annual SalaryMonthly Pay
Top Earners$153,000$12,750
75th Percentile$140,000$11,666
Average$124,567$10,380
25th Percentile$113,500$9,458

Can you resell an API? ›

After you build, test, and deploy your APIs, you can package them in an API Gateway usage plan and sell the plan as a Software as a Service (SaaS) product through AWS Marketplace.

Are APIs fair use? ›

No, they ruled that APIs are copyrightable, but that Google's re-implementation was fair use.

How to start an API business? ›

Define the functionality of your API: Determine what type of data or services your API will provide, and how developers will access it. Design and build your API: Use a programming language and framework to build your API. Make sure to test it thoroughly before making it publicly available.

How do APIs build value? ›

Four ways to generate value from your APIs
  • Extend channel reach. Suppose your application is great but targeted toward a specific set of users. ...
  • Consider brand awareness and promotion. ...
  • Enable customization to create new value propositions. ...
  • Enable access to rare and valuable competencies.
Nov 18, 2020

How much do Web API developers make? ›

Api Developer Salaries in India

The national average salary for a Api developer is ₹9,75,860 in India.

Which is the best payout API provider? ›

Scriza- The Best Payout API Provider Company in India

A scalable payment solution that is designed to meet your unique business needs.

Is API developer a good career? ›

With the digital world becoming increasingly interconnected, the role of an API Developer is more important than ever, offering a career that is both challenging and replete with opportunities for innovation and professional growth.

How much does an API software developer earn? ›

Api Developer Salaries in India

The average salary for Api Developer is ₹10,50,000 per year in the India. The average additional cash compensation for a Api Developer in the India is ₹1,00,000, with a range from ₹1,00,000 - ₹1,50,000.

Are API writers in demand? ›

One of the most specialized (and rapidly growing) niches in the technical writing field is API documentation.

What is the profit margin of API? ›

APi Group net profit margin as of December 31, 2023 is 2.21%.

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