Price high from the start. Most people underprice their APIs thinking volume will compensate. I’d start at $200+ monthly minimum. API customers typically have budgets and genuine business needs. If they complain about pricing, they weren’t serious buyers. Track which endpoints get used too. Half your API won’t get touched, so spend time on what keeps customers around.
The upfront work’s heavy, but you can start way smaller than you think.
Test demand first - just use basic docs and onboard the first few customers manually. If they pay well and stick around, then build the real infrastructure.
Most APIs work better as premium add-ons anyway, not standalone products.