Three focuses of my blog are Business/Entrepreneurship, Financial Literacy/Money and Technology. In today’s digital world, there are multiple ways to make money besides working a nine to five job. You are literally limited by your own imagination. The following contributed post is entitled, Can Everything Be Monetized In This Day And Age.
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Today, we’re talking about monetization. In brief, this refers to taking something and making money out of it. Specifically, I want to discuss the idea that everything can be monetized in our society. If you have an idea or see something, you can basically think of a way to make money from it. Well, that’s the hypothesis – is it true?
I’m certainly in the mind that almost everything you can think of can be monetized. There are a few examples in this post that go a long way to explaining this in more detail:
The rise of the influencer
Influencer marketing is a prime example of how anything and anyone can be monetized. Nowadays, if you have a large following on social media, you can monetize your profile. People will pay you to post pictures on Instagram, you get paid to write tweets, and you can make money from YouTube videos. This is all possible because you have an audience that’s interested in everything you do.
As a result, businesses recognize your influence and are keen to capitalize on it. To them, it represents a more effective way of targeting their audiences. I guess the overall point here is that anything can be monetized if it suits the needs of businesses. Or, more accurately, if it can help a business market its products.
The growing CBD market
CBD is just one example of many things that fall into the following category. In essence, I’m speaking about monetizing things that aren’t technically legal. In the case of CBD, it’s a way of legally monetizing marijuana/cannabis. You can’t buy and sell cannabis in some states, but you most certainly can extract chemicals from the cannabis plant and sell them as CBD concoctions.
In turn, this opens the door to many other money-making opportunities. Companies will produce things like a joint case to store marijuana joints in. It’s technically legal because you’re not selling weed at all. For me, the whole CBD and cannabis industry is a great example of how things can be monetized even when the actual product itself might not be able to be sold.
Lastly, let’s look at the idea of monetizing knowledge. If you know a lot about something, you can make money from it. Even if it’s as simple as understanding a foreign language. Now, you can sell this ability to other people online, with relative ease.
The same goes for anything; trading knowledge, marketing knowledge, business knowledge – the list goes on. The online world has given us platforms to share our knowledge with millions of other people, at a price! It’s almost impossible to learn anything for free – you have to pay for it these days.
This whole article shows you how everything and anything can be monetized in modern society. What does all of this mean to you? Well, it shows that there are so many ways you can make money! If you put your mind to it, you can find something that you’re able to sell for money.