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The Long Tail

The Long Tail

Why the Future of Business Is Selling Less of More

by Chris Anderson
Paperback
Publication Date: 08/07/2008

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What happens when the bottlenecks that stand between supply and demand in our culture go away and everything becomes available to everyone? The Long Tail is a powerful new force in our economy: the rise of the niche. As the cost of reaching consumers drops dramatically, our markets are shifting from a one-size-fits-all model of mass appeal to one of unlimited variety for unique tastes. From supermarket shelves to advertising agencies, the ability to offer vast choice is changing everything, and causing us to rethink where our markets lie and how to get to them. Unlimited selection is revealing truths about what consumers want and how they want to get it, from DVDs at Netflix to songs on iTunes to advertising on Google. However, this is not just a virtue of online marketplaces; it is an example of an entirely new economic model for business, one that is just beginning to show its power. After a century of obsessing over the few products at the head of the demand curve, the new economics of distribution allow us to turn our focus to the many more products in the tail, which collectively can create a new market as big as the one we already know.The Long Tail is really about the economics of abundance. New efficiencies in distribution, manufacturing, and marketing are essentially resetting the definition of what's commercially viable across the board. If the 20th century was about hits, the 21st will be equally about niches.
ISBN:
9781401309664
9781401309664
Category:
Macroeconomics
Format:
Paperback
Publication Date:
08-07-2008
Language:
English
Publisher:
Grand Central Publishing
Country of origin:
United States
Pages:
288
Dimensions (mm):
203x133x19mm
Weight:
0.24kg
Chris Anderson

Chris Anderson is Ted's president and head curator.

Trained as a journalist after graduating from Oxford University, Anderson launched more than 100 successful magazines and websites before turning his attention to TED, which he and his non-profit organization acquired in 2001.

His TED mantra 'ideas worth spreading' continues to blossom on an international scale. He lives in New York City.

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