What is harder to monetise and WHY?

Some service companies try to sell their services packaged like products, thinking that it is easier to buy. But customers know even then that those are services. It means, in any shape or form, services seem to be harder to market and sell, than products.

It really depends on the specifics, but in general I'd say services are harder to monetize than products. With a product, people pay once upfront and the revenue model is clear. But with services, you have to figure out ongoing pricing that provides value to customers while being profitable long-term. Things like churn, utilization rates, support costs etc. make the unit economics trickier for services businesses. Just my 2 cents though, interested to hear others' experiences!

In my experience, services can be harder to monetize compared to products. Services often require ongoing investment in time and expertise, which can be challenging to scale and price consistently. Products, on the other hand, have clearer value propositions and can often be sold at scale with less ongoing effort.

Interesting question. I guess service because it involves performance, execution and results. Some offer unlimited services so takes a lot of hard work. Meanwhile, products could be a one-time payment where the user does all the work.

Monetizing specific types of digital content, such as news articles or creative works like product and service, can be particularly challenging. For news articles, the basic difficulty lies in the more availability of free news content online, making it hard to convince users to pay for subscriptions. Additionally, the decline in traditional advertising revenue, coupled with the need for high-quality journalism that requires significant resources, creates a tough financial landscape. Creative works like product or service face a Ions fonts different set of challenges. The niche audience for poetry and the limited commercial appeal so it is very important for the Ions fonts compared to other forms of entertainment make it difficult to generate substantial revenue. Both types of content struggle with the balance between maintaining accessibility and generating revenue, making monetization efforts complex and often less lucrative compared to other digital content.

I think service bcz you have to convince the clients everytime whenever you ask for the payment in service model

You can say that our product is essentially about providing services to users, or that the services we provide are essentially a type of product. Therefore, the core should be to monetize based on the value that the product or service provides to users. I believe this is the key point. As for value, it should depend on the benefits the product or service brings to the users and the users' acceptance. This is likely the difficult part.

This is a tough one. I believe services are hard initially because if you don't have a clientele to show, you can't just get work. In the case of product, you can build a good one and it'll help you get the initial traction easily.

I think it is service? (I am not sure though). Only because how do you value your hour? How do you value your quality of service?how do you scale efficiently? In a product there are some cost you incur which can be factored in easily, you can scale easily, you can play around with pricing levels more.

I think products with a high churn rate or low perceived value can be difficult to monetize. Keeping users engaged and justifying the cost become significant hurdles. On the other hand, if a product solves a critical pain point or offers a unique value proposition, monetization can be easier.

For a company just starting out, it'd be easier to sell a product than a service. Not easy, just easier. Assuming the product and service are both good. This is because it's much harder to build trust in the quality of service than for a product. For one thing, you can test a product before you buy, usually extensively. Service, not so well. Also, the quality of service delivered by one team can differ a lot from another in the same company. Once a company is established and have lots of positive social proof, then it's hard to say which would be easier.

In my experience, services can be harder to monetize because they often require more personalization and time investment. Products once built can scale more easily.

In general, two type of product: 1. That user doesn’t need or solves their problem or give an Aha moment 2. That user needs but then switching effort is very less (WA probably) Happy to hear other opinions. Thanks!