THE LONG TAIL....Chris Anderson does a great job of explaining the
concept of the long tail. He shows how over the last couple hundred
years the history of business is a history of hits. Businesses
tried to carry what would sell the most. Bookstores carried the
best sellers. Movie theaters showed the top selling movies. Music
stores only carried records they thought would sell in volume.
This has changed with the development of the internet. Now
companies like Amazon can sell almost any book ever printed. This
is the long tail, all the products that businesses can sell that
before they couldn't sell in volume high enough to generate a
profit. Now companies like Netflix can carry almost any
professional movie ever made. YouTube is taking this a step farther
and providing an outlet for all the amateur movies recorded. iTunes
sells a huge portion of the songs recorded. There are other
businesses exploiting the long tail.
Chris Anderson found that there are a couple requirements for an
online store selling products to be successful with the long tail
concept. The first couple conditions make sense, there has to be a
way for more people to create the product, and a way to get the
product out to the consumers. Computers now allow many more people
to be involved in the production of books, movies and songs. The
third condition is there has to be a way for customers to find what
they want. Internet search engines make it almost trivial to find
that unusual game, toy, or electronic device that you've heard
about or even just wondered if it existed.
The world is a complex place. It can be overwhelming. A model like
The Long Tail provides insight and understanding into what
otherwise would be just over powering noise.
Chris provides fascinating examples. He has a lot of interesting
data. This book is very insightful, and well worth reading.