Monetization And Pricing

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Last updated 9:12 PM on 6/26/24
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4 Terms

1
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Monetization

The process of generating revenue from a product, service, or content by determining pricing strategy and setting a price.

2
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Pricing

The specific amount of money charged for a product or service, influenced by factors like production costs, competition, target market, and perceived value.

3
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Freemium model

A business model offering both free and premium versions of a product or service, where the free version has limited features and the premium version offers additional benefits for a fee.

4
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Tiered pricing

A pricing strategy setting different price levels for a product or service based on specific criteria or features to cater to customers with varying needs or budgets.