Monetization strategies are methods that businesses use to generate revenue from their products or services. Common approaches include selling products directly, offering subscriptions for ongoing access, or using advertising to earn money from user engagement. For example, a mobile app might offer a free version with ads and a paid version without them, allowing users to choose how they want to engage. Another popular strategy is affiliate marketing, where businesses earn commissions by promoting other companies' products. This can be seen in blogging or social media, where influencers share links to products and receive a percentage of sales made through those links. These strategies help businesses maximize their income potential.