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Wade

Beaverton, OR, USA | Member Since 2010

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  • The Long Tail: Why the Future of Business Is Selling Less of More

    • UNABRIDGED (8 hrs and 1 min)
    • By Chris Anderson
    • Narrated By Christopher Nissley
    Overall
    (805)
    Performance
    (148)
    Story
    (150)

    Our world is being transformed by the Internet and the near limitless choice that it provides to consumers; tomorrow's markets belong to those who can take advantage of this. The Long Tail is really about the economics of abundance, an entirely new model for business that is just starting to show its power as unlimited selection reveals new truths about what consumers want and how they want to get it.

    Jim says: "Good Book, Flawed by Repition"
    "One Simple But Powerful Point"
    Overall
    Performance
    Story

    There is one simple but powerful point to this book. The long tail of products, in a statistical distribution, can equal or exceed the area under the curve. This means companies with very low holding and distribution costs, say for example Apple's iTunes, make as much money from the group of out of circulation songs, as they do in selling hits. The 'hits' model is historically all companies could focus on given physical carrying costs. This change vastly expanded the market for niche products, opened up new distribution models (Amazon, eBay, NetFlix, etc.) and changed consumer behavior and demand.

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