monetize
verb
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Definition of monetize
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Other Words from monetize
also ˌmə-
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noun
Examples of monetize in a Sentence
Recent Examples on the Web
The partnership looks different across companies, but the end goal is the same: to monetize the wedding industry’s muscle for good. — Megan Ditrolio, Marie Claire, "This New Charity Is Using Some of the Wedding Industry's $100 Billion to Fight Child Marriage," 8 Oct. 2018 Adding meeting spaces offers a new way to monetize existing inventory, helps hosts with larger properties capture more business, and capitalizes on a trend to book more interesting and engaging meeting spaces. — Patrick Sisson, Curbed, "Airbnb expands services to corner profitable business travel market," 4 Oct. 2018 Doctoroff said the company isn’t looking to monetize people’s personal information in the way that Google does now with search information. — Rob Gillies, The Seattle Times, "Google’s plans for first wired urban community raise data-privacy concerns," 2 Oct. 2018 These days most celebrity super fans head to Instagram instead where there is currently no way for users to monetize their posts. — Liana Satenstein, Vogue, "Who Are the Anonymous Users Running Instagram’s Most Famous Celebrity Style Instagram Accounts?," 19 July 2018 Cash admits that, even with these changes, the free version of Alto’s Adventure still doesn’t monetize as well as a lot of other free-to-play games. — Andrew Webster, The Verge, "Making Alto’s Adventure free on Android helped it reach a whole new audience," 17 July 2018 YouTube users can receive money from advertisements, but the company can de-monetize a channel for several reasons. — Fox News, "YouTube shooter went to gun range before rampage, family did not warn about violence, officials say," 4 Apr. 2018 Free Silvernest Want to monetize your kid’s old room? — Ellen Airhart, WIRED, "App Roundup: Services for Savvy Seniors," 27 Mar. 2018 Even our tech leaders, who have become apostles of success by monetizing our user data, seem to have no sense of how to leverage this resource for anything but private benefit. — Jacob Silverman, Longreads, "Searching for a Future Beyond Facebook," 2 May 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'monetize.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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More Definitions for monetize
monetize
verbFinancial Definition of monetize
How It Works
For example, over time, a company may develop any number of systems or assets that are part of the company's overhead and infrastructure, supporting the company in selling its products or services. Examples of these may include a safe storage system or an innovative and efficient distribution system or an information system to track sales, monitor projects, track personnel time, account for funds or even report on company activities. These systems are typically non-revenue generating, in that they are not sold to generate revenues independently of the company's core product or service.
But sometimes a company may be able to find an independent market for these systems. When the company begins to package and sell these traditionally non-revenue generating systems, the company "monetizes" them, creating new sources of revenue for the company.
In another example, a flow of traffic to a destination, such as tourists to a historic site, can be monetized by capturing retail sales from those tourists en route to the historic site. At the same time, Internet surfing "traffic" to popular websites has been "monetized" by selling advertising space and getting site visitors to view the advertisement.
Why It Matters
The process of figuring out creative ways of monetization is about as old as capitalism (which is only about 300-400 years old in its current form). The processes of monetization -- that is, thinking systematically about how to convert something into cash -- is a valuable part of a business's strategic planning process.
Similarly, the capital markets are constantly innovating and finding new ways to monetize market transactions, using letters of credit, standby guarantees, derivatives and swaps to allow for the creation of new tradable financial products.
Source: Investing Answers
monetize
transitive verb
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Legal Definition of monetize
1 : to coin into money also : to establish as legal tender
2 : to purchase (public or private debt) and thereby free for other uses moneys that would have been devoted to debt service
3 : to utilize (something of value) as a source of profit
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