The term "monetization" may also be used informally to refer to exchanging possessions for cash or cash equivalents, including selling a security interest, charging fees for something that used to be free, or attempting to make money on goods or services that were previously unprofitable or had been considered to have the potential to earn profits.
This procedure can extend even to one-of-a-kind situations such as when the Treasury Department sold an extremely rare 1933 Double Eagle.
In some industry sectors such as high technology and marketing, monetization is a buzzword for adapting non-revenue-generating assets to generate revenue.
Though rarely the case with paper currency, even intrinsically relatively worthless items or commodities can be made into money, so long as they are challenging to make or acquire.
On-demand content sites like Spotify and Apple Music pay the artist a percentage of the monthly subscription fees they receive from their users.
Failure to monetize websites due to an inadequate revenue model was a problem that caused many businesses to fold during the dot-com bust.
On the other hand, aggressive monetization refers to how a firm or business is overemphasizing the process of making money at the cost of the user's well-being.
[6] Monetization is also used to refer to the process of converting some benefit received in non-monetary form (such as milk) into a monetary payment.
This system was a legacy of the Soviet Union, but it was heavily extended by populist laws passed by central and regional authorities during the 1990s.
The government responded with measures that eventually addressed the most pressing of the protesters' concerns (raising of compensations, normalization of bureaucratic mechanisms, etc.).
Transport companies and railroads have benefitted from monetization as they now collect higher revenue from the use their services by pensioners who had previously ridden at the government's expense.