Monetize - Explained
What is Monetizing a Value Proposition?
If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
Table of ContentsWhat is Monetizing a Value Proposition?
What Does it Mean to Monetize an Idea?
Monetization is about making an asset or a product eligible as legal tender. Generally, it involves the conversion of a non-revenue creating product into cash or cash-generating.
Back to: STRATEGY, ENTREPRENEURSHIP, & INNOVATION
Monetizing an idea is commonly used in entrepreneurship. The entrepreneur develops a novel idea of value proposition. The entrepreneur then assembles and mobilizes the resources necessary to generate value from the idea. This generally means exchanging a good, service, or information for value.
How an entrepreneur monetizes a business idea generally revolves around the business model. The business model concerns how the idea or value proposition is used to create value for the entrepreneur (or her business).