DIGITAL MARKETING AND SHARING ECONOMY Cover Image

ДИГИТАЛЕН МАРКЕТИНГ И ЕКОНОМИЈА НА СПОДЕЛУВАЊЕ
DIGITAL MARKETING AND SHARING ECONOMY

Author(s): Mila Zibak Dimkovska
Subject(s): Economy, Marketing / Advertising
Published by: Scientific Institute of Management and Knowledge
Keywords: sharing economy;digital marketing;business models;economic growth;innovation

Summary/Abstract: The paper defines the term sharing economy and lists the activities which take place within this economic arrangement with the aim of clarifying the interactions between providers and users. Also tries to highlight the opportunities, the impact and the potential for economic development that platforms in the sharing economy provide. It describes the business models of sharing economy and the concept of digital marketing in order to more easily determine and define the users in the context of using delivery applications. With the emergence of the Internet and the digital economy, the sharing economy leverages modern information technology to facilitate transactions, enabling the transfer of underutilized resources for a fee. Unlike traditional marketing approaches, digital marketing in the sharing economy context primarily benefits companies with unused resources or intermediaries facilitating exchanges. The implementation of electronic payment systems and digital wallets simplifies financial transactions, while sharing goods and products enables cost savings and resource optimization. As digital marketing becomes indispensable in the business landscape, embracing the sharing economy opens doors to revenue growth, expanded presence and innovation. Various scholars have delineated essential elements of a business model, including value proposition, market segment, value network, revenue generation, cost structure, and profit potential. These elements facilitate resource allocation, value delivery, and sustainable growth, ensuring the viability of sharing economy ventures. The sharing economy has revolutionized traditional economic paradigms, offering convenience, accessibility, and sustainability. Digital media integration has catalyzed its success, fostering economic growth and empowering market participants. While the sharing economy continues to evolve, it is unlikely to completely displace traditional economic networks. Instead, it presents opportunities for collaboration and innovation, with potential benefits for all stakeholders. Methodology used in this paper is based on qualitative analyse, induction and deduction methods, with broad analyse of domestic and foreign literature. The results are presented at the end of the paper with strong conclusions of main points of sharing economy and benefits of digital marketing and business models for the same economy as well.

  • Issue Year: 64/2024
  • Issue No: 1
  • Page Range: 117-121
  • Page Count: 5
  • Language: Macedonian
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