Monetization is the process of converting an idea, product, or service into revenue-generating streams. There are several examples of monetization strategies, including advertising, where businesses receive payment for displaying advertisements on their platforms; subscriptions, where customers pay for access to exclusive content or services; e-commerce, where businesses sell products or services directly to customers; and licensing, where businesses receive payment for allowing others to use their technology or intellectual property. Other monetization methods include selling data, offering premium features, and conducting sponsorships or partnerships. The appropriate monetization method depends on the type of product or service, target audience, and business goals.