There is a big return on investment for creating web services. At Provo Labs, we have some really cool web projects underway that are going to bring a good return on investment. We can get an even better return on investment by designing all of our products to have a web services API. This service oriented architecture will allow us to create even more companies and products very quickly as well as earn some additional revenue by leasing these web services to others. Here’s why:
Upon creation of the first web service, you have a great product that you can lease to other companies. This will bring in some good revenue.
Creating the second service gives two great products that you can lease. On top of that, you can mash the two web APIs into a new application that might bring in even more revenue.
The real magic begins as the number of services you can mash together grows. When the third service is created, you will jump from one additional application to three.
Adding one more gives you three additional applications.
Really, you have even more possibilities than those shown because you could mash any three together, or all of them together which would give you another five applications from the four web services.
I realize that any two web services cannot be mashed together to create a valuable product, but I think many of the services would mash up well. There are also a ton of open apis provided by other companies that could possibly mash up well with our web services.