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
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 2018 But, Crockett said, one of the more concerning aspects of social media is that because social media platforms are built to monetize our attention the more outrageous stories are often shared. — Elizabeth Wellington, Philly.com, "Think you're angrier lately? You probably are, and your Facebook feed is to blame | Elizabeth Wellington," 1 May 2018 Moms who want to follow in Rogers’ and Moody-Graham’s footsteps should think about their natural skills and look for ways to monetize them. — Tamara E. Holmes, USA TODAY, "For these moms, side-hustle juggling balances out work, life and budget," 14 June 2018 This is challenging for streaming video platforms and content publishers that want to provide an optimal viewer experience, but need to monetize their content too. — Ralf Jacob, Fortune, "AI Is About to Make Video Ads a Lot Less Annoying," 26 June 2018 Any dispute about how to monetize the assets will be referred to a mediator, according to the court documents. — Bloomberg.com, "Lynn Tilton Stripped of Role Leading Zohar Funds in Bankruptcy Deal," 1 May 2018 This was the first club, after all, to realize the potential in soccer’s emerging markets, and then to work out how to monetize that popularity. — Rory Smith, New York Times, "At Manchester United, a Win to Celebrate but Not to Savor," 25 Feb. 2018 As popular products like Instagram looked for a way to monetize, the app store model seemed like the easiest path to profitability. — Russell Brandom, The Verge, "Will third-party plugins survive the tech backlash?," 6 July 2018 But to be fair to the protesters, the NFL and its advertisers have been remarkably successful at monetizing patriotism. — Chris Stirewalt, Fox News, "The House is revolting," 25 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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