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How to monetise my digital business
The ability to generate revenue from a business is referred to as
monetising.
This is important as it is through monetising that a business can grow.
Finding novel ways to turn otherwise neutral or costly business
operations into profit is a goal of today’s entrepreneurs.
Therefore, your digital product or service should deliver to users enough
value for them to be willing to purchase it and make you earn money.
Let us recall the digital business of 23 years old Pamela that decided to
developed a business model based on a second revenue stream: online
painting lessons, targeting all her followers.
So, how can Pamela turn a follower into someone that is willing to pay
for her service? What could be her monetising strategy?
