Monetize your device
We assume that you have created a device type.
Monetization on ARTIK cloud services is a new monetization solution for the Internet of Things. It’s an open data broker model that enables, for the first time, device manufacturers and service providers to tap into an open IoT ecosystem and create service plans that generate revenue directly from the interactions of devices and services. With our easy-to-use UI, you can get up and running quickly.
In this How To, we go through the steps to start monetizing your solution today!
Device type owners receive 70% of Monetization revenue. ARTIK cloud services receive 30%.
To enable Monetization on a device type, make sure you are an administrator of your organization.
Step 1: Choose a device type to monetize
Navigate to your device types in the Developer Dashboard and select a device type.
Click "Monetization" in the menu to the left and then "New Monetization Plan".
Step 2: Define the Monetization plan
You will now set a quota and price to define two Monetization Tiers for the device type: Free and Premium.
The Free Tier includes a daily quota of free data messages or Actions that these devices can send/receive.
The Premium Tier offers the end user a one-time payment to bypass this daily quota for an unlimited number of messages/Actions.
In the above example, we have entered 100 daily messages in the Free Tier. If the user exceeds 100 messages in a day, they will be prompted to pay $1 to bypass the quota permanently.
How messages are counted gives more detail on how daily quotas are tracked for native and Cloud Connector device types.
Step 3: Enter payment Information for payouts
On the next page, enter your bank account information and validate your identity to receive usage fee payouts. ARTIK cloud services handle payments through Stripe on the last day of each month.
Step 4: Sign the contract
After submitting your Monetization plan, the ARTIK cloud services team will send you a contract to sign. This will activate your plan.
The Monetization documentation describes how to programmatically support Monetization in an application.
The user experience
This is how Monetization looks from a user perspective.
A user surpasses the daily message quota on a device. The application loads the following UI in a web session:
After opting to upgrade to a Premium Tier on the device, the user enters and submits their payment information.
Adding Monetization to a device type is simple, and it is equally simple for the user to participate.
- Read our Monetization documentation to learn more details about this feature and the relevant ARTIK cloud services APIs.