ELI5: Explain Like I'm 5

Software monetization

Okay kiddo, let me explain software monetization to you. Do you know what software is? It's like the programs and apps you use on your computer or tablet. Some software is free, but some cost money to use.

Software monetization is when companies make money by charging people for their software. They might charge you a one-time fee to download the software, or they might charge a subscription fee so you can keep using it.

Some software companies also make money through advertising. Do you know what ads are? They're the little pictures or videos that try to sell you something while you're using the software. The company gets paid to show those ads to you.

Other companies make money by selling data. Do you know what data is? It's information about you, like your name, age, and what you like to do online. Some companies use that data to sell you things, and they make money when you buy those things.

So, software monetization can happen in different ways, but it all boils down to companies making money from the software they create.