What does 'digital monetization' refer to in online businesses? 🔊
'Digital monetization' refers to the process of generating revenue through online activities. This can include various strategies such as offering subscription services, selling advertising space, creating premium content, or utilizing affiliate marketing. Companies utilize digital monetization to leverage their online presence and audience for financial gain. To be successful, businesses must continuously adapt their monetization strategies based on consumer behavior and market trends, ensuring sustainability and growth in the competitive digital landscape.
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