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. The library is a rich repository of information and knowledge and have access to many sources of information and knowledge. We believe that there is great potential for academic libraries to find ways to monetize their digital assets and services as a means of building new revenue and profit streams, both in B2B and B2C markets. Furthermore, we believe that a stronger financial position resulted from divergent revenue streams will bring more advanced technologies, resources and talents to the library, which therefore reinforce the competitive advantage to libraries. In this essay, we discussed the demand from the public for products and services offered by the library. By addressing the demand with proposed value-added products and services, we plot out the monetization implementation for the library, of which the business unit and business model operation are discussed in detail.

Monetization Solutions for Today’s Libraries: Singapore Management University (SMU) Library as an Example