Book Image

API Analytics for Product Managers

By : Deepa Goyal
Book Image

API Analytics for Product Managers

By: Deepa Goyal

Overview of this book

APIs are crucial in the modern market as they allow faster innovation. But have you ever considered your APIs as products for revenue generation? API Analytics for Product Managers takes you through the benefits of efficient researching, strategizing, marketing, and continuously measuring the effectiveness of your APIs to help grow both B2B and B2C SaaS companies. Once you've been introduced to the concept of an API as a product, this fast-paced guide will show you how to establish metrics for activation, retention, engagement, and usage of your API products, as well as metrics to measure the reach and effectiveness of documentation—an often-overlooked aspect of development. Of course, it's not all about the product—as any good product manager knows; you need to understand your customers’ needs, expectations, and satisfaction too. Once you've gathered your data, you’ll need to be able to derive actionable insights from it. This is where the book covers the advanced concepts of leading and lagging metrics, removing bias from the metric-setting process, and bringing metrics together to establish long- and short-term goals. By the end of this book, you'll be perfectly placed to apply product management methodologies to the building and scaling of revenue-generating APIs.
Table of Contents (24 chapters)
21
The API Analytics Cheat Sheet

Measuring revenue

Revenue metrics help a business understand how much money it generates from its products or services. These metrics can include total revenue, growth, average transaction value, and CLV.

Tracking revenue is essential for several reasons. First and foremost, revenue is the primary driver of a business’s profitability. By tracking revenue metrics, a company can understand how well it performs financially and make informed decisions about allocating its resources.

Tracking revenue can help a business figure out how well it is doing financially and also spot trends and patterns in how customers act. For example, a company might see that a certain product or service is making a lot of money, which shows that there is a lot of demand for it. A business can decide which products or services to invest in or stop offering by looking at its sales data.

Tracking revenue metrics is an integral part of running a business because it helps a company understand its...