monetisation

Thân thiện

The government announced the monetisation of silver for all official transactions.

Definition

Noun: 1. The process of converting something into money or establishing something as legal tender: This is the core meaning, referring to the act of giving something the status of money or finding a way to generate revenue from an asset, activity, or idea. Historically, this could involve establishing a metal like gold as a country's official currency. In modern contexts, it most commonly refers to the process of generating revenue from a product, service, or platform.

Usage Examples

• Noun:
  • The monetisation of the website was achieved through advertising and premium subscriptions.
  • A key challenge for many startups is finding an effective model for monetisation.
  • The historical monetisation of silver boosted the kingdom's economy.

Advanced Usage

• "Data monetisation": The process of generating measurable economic benefit from available data sources.
  • The company's data monetisation strategy involves selling anonymized user trends to market researchers.
• "Monetisation strategy": A specific plan for generating revenue from an asset.
  • Their monetisation strategy for the app includes in-app purchases and a freemium model.

Variants and Related Words

• Monetise (Verb): To convert into or establish as money; to earn revenue from.
  • The artist found new ways to monetise her online following.
• Monetisable (Adjective): Capable of being converted into or generating money.
  • The platform has a large but not yet easily monetisable user base.

Synonyms

• Commercialisation: The process of managing or running something principally for financial gain.
• Liquidation: The process of converting assets into cash.

Antonyms

• Demonetisation: The act of stripping a currency unit of its status as legal tender.
• Decommercialisation: The process of removing commercial aspects or financial incentives.

Related Phrases

• Revenue generation: The process of creating a stream of income. (This is a broader, more general term for the outcome of monetisation.)
• To generate revenue from: A common phrase describing the goal of monetisation.
  • The goal is to generate revenue from the new service.

Học thuật

Noun

1. establishing something (e.g. gold or silver) as the legal tender of a country

Từ đồng nghĩa

• monetization