What is monetization? How are people doing it?

The Name of the Game

If you conduct some research on the Internet for what monetization actually

means, you will be thrown up with a lot of definitions. Actually, monetization is

an umbrella term for a lot of assorted things, but in a much generalized manner,

we can say that monetization means making money out of things that people

don’t usually consider money-worthy. For example, if you have an old collection

of Archie’s Comics from your dad or your uncle and you are able to sell them for a

tidy sum, you have monetized the collection.

Monetization means making money out of ordinary things, in unexpected ways.

It is quite easily understandable why people are going all out trying to monetize

everything that is in their sight. Or, even out of sight. People are making money

out of special talents that they have. If you have a special talent for math and are

using it to tutor the neighbor’s kid for money, you are monetizing your talent. If

you are writing a piece of content and selling it to someone, you are monetizing

your flair for writing.

We are all very conscious of monetizing, but have probably never done it in an

organized manner. Our occupations pay us, and we are usually content with what

we get and don’t try to stick our necks out much. However, it is essential to know

that there are several other things that we can make money out of. If we play our

cards well, we can actually generate streams of passive income through things we

set up once and enjoy the influx of money for our lifetime. That would be

something like royalties on your products.

Monetization refers to what you can make money out of, over and above your

usual profession. It is about your attempt, not the product’s worth. It is about

how you understand a particular thing or talent is monetizable and then how you

go about it.

Here, we are going to see various methods in which you can build streams of

income for yourself, out of things that you never felt you could make money from.

Making Money Out of Anything… Anything!

The first thing you have to realize when you are trying to develop the confidence

to make money out of anything is this – You can make money out of anything!

But what is this ‘anything’ we are talking about? It could be a product that you

have invented. If it has a utility – and sometimes, even if it doesn’t – you can

make money out of it. Or, it could be a product you have obtained from someone

else and are now authorized to make money out of. Or, it could be a talent that

you have. It could be simply your knowledge or some special knowhow about a

particular thing.

Even people who think they have nothing have a lot of things they can make

money out of. No one is wasting space here.

Before plunging headlong into discussions about how you can do this, let us

speak about something very, very positive. The Law of Attraction. This law has

gripped the world by storm and it is very much poignant to our topic of

discussion. In a nutshell, the law says that – When you think about something

very strongly, the whole universe aligns itself to fulfill your desire. Yes, the law

states that thoughts bring results. It speaks about the energy of the mind, which

can actually make things happen.

This is quite a true law, and people who have stated that the law is nonsense and

doesn’t work for them started with disbelief in the first place. If you want the law

to work, you have to put your full faith in it. Think solely about your objective.

Think about what you want. Think without flinching or hesitating. Slowly, things

will start happening. When you think so deeply, you are bound to take actions in

that direction. Everything that you do will be toward achieving that single goal.

Naturally, things are going to start working out. Your deep, unwavering thoughts

will bring you closer to the fulfillment of your desires.

Even when you are planning to monetize something, you have to put this law into

action. Never for a moment must you think that there is no money in this. In fact,

don’t think in monetary terms, think of the larger picture. The money comes in as