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Monetization – As Interesting as It Sounds?

Monetization. Monetize. Great sounding words. Is it just pricing or something more?

Monetization – As Interesting as It Sounds?

Monetization. Monetize. Great sounding words. Is it just pricing or something more?

Merriam-Webster defines monetize as “to coin into legal tender,” or “to purchase debt and thereby free for other uses moneys that would have been devoted to debt service,” or “to utilize (something of value) as a source of profit.”

Wikipedia defines monetization as “the process of converting or establishing something into legal tender.”

Monetization

All these definitions indicate that monetization is more than pricing, although pricing is definitely involved. Monetization is a process that includes defining an offering, establishing a price, and having customers pay money for the offering. I like it.

So what would a monetization model look like? One-time sales? Subscriptions? Usage? All of these? What do you think?

Brian James

The post Monetization – As interesting as it sounds? appeared first on Recurring Revenue Blog | Aria Systems.

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The Aria blog is the place for news, commentary and discussion on monetization, agile billing and IoT. We cover a variety of topics including forces of market disruption, the Monetization of IoT, billing best practices, trending news and what monetization will look like in the future. Our hope is that you’ll become better informed, be entertained and in turn share your thinking, ideas and comments.