Udemy – Product Monetization Fundamental

What you'll learn
Mastering product monetization
How to price your product
How to develop a product
How to make money on Facebook: monetization tips for creators
Implementing product monitization
Challenges in product monetization
Requirements
Desire to learn more about product monetization
No special requirement
Description
Product monetization refers to the process of deriving revenue from a product or service. It is a comprehensive strategy that involves understanding the market, the product's value proposition, pricing strategies, and revenue models. It is a strategic process that requires a deep understanding of the customer, the market, and the product itself. It involves determining the right pricing model, creating value for the customer, and ensuring that the product or service is profitable. Product monetization is a critical aspect of product management. It involves understanding the value that a product or service provides to the customer and determining how to translate that value into revenue. This involves understanding the customer's willingness to pay, the competitive landscape, and the costs associated with producing and delivering the product or service.A well -defined product monetization strategy can help to create a sustainable competitive advantage. By understanding the customers willingness to pay and the value that the product or service provides, a product manager can set a price that is competitive yet profitable. This can help to attract and retain customers, leading to increased revenue and profitability. Determining your pricing model which involves several different pricing models to choose from, including cost-plus pricing, value-based pricing, and dynamic pricing. The choice of pricing model depends on the product, the market, and the customer.
Who this course is for
Product managers, sales managers, directors, CEO, workers, governments, business people, product consultants, companies, everybody etc.
Homepage

https://www.udemy.com/course/product-monetization-fundamental/