In our Digital Gold Rush blog series, we’re on a quest as digital cartographers to map out the different business models for monetizing digital assets. So far we’ve identified 2 business models for monetizing APIs: the revenue share model and the fee-based model.
The third business model is freemium. Freemium models can be based on a variety of factors such as volume, time, or some combination; they can be implemented as standalone or hybrid models (in conjunction with the rev share or fee-based models we’ve already discussed).
Enterprises are drawing on the tools of the digital trade -- APIs, data, and apps -- in what is amounting to a gold rush in the new digital world. A treasure map of how these tools can be used to transform digital assets into revenue streams is critical to navigating this uncharted world and discovering gold. In our Digital Gold Rush blog series, we're charting out out the different business models for monetizing digital products; last time we discussed the revenue share model. This time we're discussing fee-based models.
Today’s world is becoming rabidly digitized, precipitating a digital gold rush for businesses. Enterprises are drawing on the tools of digital trade, APIs, data, and apps, in their pursuit of treasure. Discovering gold requires a map of how these tools can be used to transform digital assets into revenue streams. In this blog series, we'll explore the different models for monetizing products of digitization. Let's start with the Revenue Sharing API monetization model.