Question
Some alternative monetization strategies that have proven successful in the tech industry include freemium models, subscription models, advertising models, and transaction fee models. The freemium model offers basic services for free while charging for premium features. The subscription model charges users a recurring fee for access to a product or service. The advertising model generates revenue by displaying ads to users. The transaction fee model charges a fee for facilitating a transaction between two parties.
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In this article, we will go over some popular revenue strategies that companies have resorted to in recent times, some to tremendously lucrative effect, and others not so much. With these examples, you'll be familiarized with their money-making patterns and hopefully also become more discerning consumers, that is, even when a product seems "free" to use.
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