Commercialize: meaning, definitions and examples

This is used when turning something, usually a product or service, into a commercial success. It implies developing something to its full market potential.

• The company plans to commercialize their innovative technology next year.
• Efforts to commercialize space tourism are rapidly advancing.

Use this term when discussing ways to generate revenue from an asset, often used in the context of digital content or services.

• The startup is looking for ways to monetize its app.
• How can we monetize the traffic on our website?

This term is suitable when focusing on promoting and distributing a product or service to consumers. It emphasizes the strategic efforts to reach the target audience.

• We need to market our new product more aggressively.
• The team developed a comprehensive plan to market the online course.

This is a straightforward term used for the direct action of exchanging a product or service for money. It is generally focused on the transaction itself.

• They wanted to sell their old furniture quickly.
• The shop owner decided to sell homemade candles.