Monetization for Dummies

Monetization is a way of turning something into money or profit. It's like taking something that you have and finding a way to make money from it. For example, when a YouTuber puts ads on their videos or when a website charges people to access certain content, they are monetizing their platform.

Let's break it down a bit further. Think of it this way: when you have a hobby, like painting or playing a musical instrument, you might want to find a way to make money from it. That's when you start thinking about how to monetize your hobby. Maybe you decide to sell your paintings or perform at events for a fee. In both cases, you are turning your hobby into a source of income, or monetizing it.

There's another way to think about monetization too. When you use an app or website for free, but you see ads on the side, that's a form of monetization. The company behind the app or website is making money each time someone sees or clicks on those ads. So, in a way, you are indirectly helping them monetize their platform when you interact with those ads.

So, in short, monetization is all about finding ways to make money from something you have, whether it's a talent, a platform, or even an idea. It's turning something into a source of income. I hope that makes sense!