Monetization is a buzzword for adapting non-revenue-generating assets to generate revenue. Failure to monetize websites is a problem that causes many startups to fold. Websites that do generate revenue are often monetized via advertisements or subscription fees. (Source: WikiPedia)
To monetize is to convert an asset into or establish something as money or legal tender. The term monetize has different meanings depending on the context. It can refer to methods utilized to generate profit, while it also can literally mean the conversion of an asset into money. (Source: InvestOpedia)
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