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

Growth for API Products

Early in the product life cycle, we spent time validating the product demand. Once we have established a target audience and a market need for a product, we must find ways to reach this audience and capture as much of the market as possible. Growing the product’s adoption involves creating a targeted marketing strategy to raise awareness about the product in the target audience, as well as developing a sales strategy that drives revenue.

Because APIs are mostly used by developers who work alone or as part of a team at an organization, they may need to be grown differently than consumer products. How well we can show customers the usefulness of an API product is very important for its growth.

In this chapter, we’ll look at some of the most important ideas and strategies that can help API products grow:

  • Understanding what growth means for APIs by doing the following:
  • Product-led growth
  • Community-driven growth
  • Low-code and...