One of the most important factors of monetization is creating a great product that people would want to buy. However, the process of creating and developing a new product can be very daunting. In fact, more than 30,000 new products are launched each year and 95% of them fail (Source: Harvard Business School).

Read at: https://monetizationnation.com/blog/74-how-to-build-a-highly-profitable-product/