I often have ideas for a webservice ... as in a live internet programming API (Application Programmable Interface) for other websites. Ideally, I'd like to allow access to the API for free in order to gain more websites using it.
But how can I possibly monetize this? How can I even cover my costs? ... any ideas?
EDIT: Thanks for answers so far, but sorry I should have been more clear.
A few API monetization strategies that I can think of:
- Develop a highly specialized API which does some calculation which most people wouldn't even know how to program.
- Develop an API which somehow captures information, which can be aggregated and sold.
- Develop an API to add value to another existing monetizable product.
But what I'm asking about mostly is; How can I turn 'commodity like' functionality into an API, which I could make money from.