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

Summary

For a business to be successful, growth and adoption of its products are crucial. You can build a great product, but if nobody uses it, all your effort is wasted. To ensure that you are reaching the audience that will appreciate your product, you can now identify the target audience, size the market using a TAM calculation, and build a marketing and sales strategy for your product.

You can set KPIs and metrics for your sales and marketing teams that complement your pricing strategy and target growth to build a data-driven approach for the success of your product. You will be able to design frictionless onboarding experiences to unlock product-led and community-driven growth, thereby reducing CAC and creating a loyal customer base. You can also explore innovative no-code and low-code tools that will simplify complex products, thereby widening your audience and allowing customers to use your products more efficiently.

In the next chapter, we’ll look more closely...