Business Models For Your API Or Web/Mobile Application
Let's say you are creating software and thinking about how to monetize it. In other words, you are in the business model creation phase. There are lots of ways for software monetization. Which one do you need to choose? Which one is the best for you? We listed some of the popular ones for you.
API Business Models
- As the name suggests, this one is very straightforward. You develop a public use API that provides various benefits for your business and the public. There is no money exchange. However, this free API may indirectly provide you with some revenue by attracting people to your business.
- Developer Pays
- Revenue is earned by directly selling access to your API or providing premium features for your free-to-use API. APIs with money flow can also generate revenue through transaction fees. Some popular business models in this category are:
- Pay As You Go
- Tiered Subscription
- Transaction Fee
- Developer Gets Paid
- Developers integrate your API, and as your API gets used through their services, you earn revenue and pay some of that revenue back to the developers.
- Share From Ads
- Affiliate Program
- Referral System
Want to create or integrate an API for your business? As ORPTech, we can help you with that! Contact us with your idea. Let's discuss it! For contact details and information about our services, please visit our website. (https://orptech.com/)
Web Application Business Models
- Subscription: Users pay for your products or services periodically to gain access to them or to gain benefits while using them.
- Third-Party Supported: The application is free to use, but the revenue comes from third-party actions such as advertising, sponsorships, paid content, paid placement, and many more.
- Payments: The application is free to use, but you earn revenue through selling products and services or getting donations. Some popular business models in this category include:
- Selling Physical Products
- Selling Virtual Products
- Selling Related Products
- Accepting Donations
Mobile Application Business Models
Most of the popular business models for web applications are also present in mobile applications. Such as:
- Third-Party Supported
The main difference between web applications and mobile applications is the monetization culture. While mobile applications are under the heavy influence of freemium, advertisement, and subscription business models assisted with in-app purchases, web applications are more diverse.
Can Not Decide What To Do?
Selecting a business model is an important step and should not be underestimated. If you can't decide what to do next, do not hesitate to contact us about any of your questions! As ORPTech, apart from our various high-quality services, we also provide consultancy to our customers. We would be happy to assist your endeavours.