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The Long Tail Hardcover – 6 July 2006
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- Print length256 pages
- LanguageEnglish
- PublisherRandom House Business Books
- Publication date6 July 2006
- ISBN-10184413850X
- ISBN-13978-1844138500
Product description
Review
From the Publisher
From the Inside Flap
In this ground-breaking book, Chris Anderson shows that the future of business does not lie in hits the high-volume end of a traditional demand curve but in what used to be regarded as misses the endlessly long tail of that same curve. As our world is transformed by the Internet and the near infinite choice it offers consumers, so traditional business models are being overturned and new truths revealed about what consumers want and how they want to get it. The world of books has been transformed by Amazon; the record business has been transformed by iTunes and Rhapsody; a similar transformation is coming to just about every industry imaginable. Wherever you look, modest sellers, niche products and quirky titles are becoming an immensely powerful cumulative force.
Chris Anderson first explored the Long Tail in an article in Wired magazine that has become one of the most influential business essays of our time. Now, in this eagerly anticipated book, he takes a closer look at the new economics of the Internet age, showing where business is going and exploring the huge opportunities that exist: for new producers, new e-tailers, and new tastemakers. He demonstrates how long tail economics apply to industries ranging from the toy business to advertising to kitchen appliances. He sets down the rules for operating in a long tail economy. And he provides a glimpse of a future thats already here.
From the Back Cover
A terrifically impressive analysis. It captured the forces underlying this business perfectly. Jeff Bezos, CEO Amazon
About the Author
Product details
- Publisher : Random House Business Books; First Edition (6 July 2006)
- Language : English
- Hardcover : 256 pages
- ISBN-10 : 184413850X
- ISBN-13 : 978-1844138500
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The Long Tail is a book I recommend all my clients to read. When so many people are wasting countless millions on ineffective marketing the Long Tail is the doorway to a method of marketing products or services that is absolutely free to implement.
We all know that if you want to open a successful restaurant one of the consideration is location. The best location is frequently close to other successful restaurants as that is where the people that frequent good restaurants will notice you.
The Long Tail demonstrates another approach to marketing .... especially online. When marketing online you need to be found by people frequenting your type of business and what better than to be found by them when they search for words like restaurant ... except of course every other restauranteur is being found linked to the same keyword. So the answer is to be found by people searching for Long Tail keywords. Things like "French Restaurant in Mytown" is going to return fewer websites and the chances of being found is much higher.
For example my business focuses on a number of niche markets and by carefully choosing a whole host of Long Tail keywords we are Number One on Google for dozens of terms. Each of them brings only a handful of prospects each month .. but when aggregated they amount to a lot of pre-qualified prospects all looking for exactly what we offer. Linked to the traditional forms of marketing this is a recipe for success and I will continue to recommend this book to my clients.
- Three forces need to create the long tail:
1. democratize production: give average people the ability to create quality content (movies, music, blogs)
2. democratize distribution: technology to aggregate *all* the content in a genre (Amazon, Netflix, iTunes)
3. Connect Supply and Demand: filters to help people find the niche's they are interested in (Google, recommendations, best-seller lists)
- One quarter of Amazon's sales come from books outside its top 100,000 titles. Thus having a long tail adds ~33% to your bottom line.
- Ranking bestsellers across niche's genre's gives little value. Filters to rank items must be applied within each niche to become relevant. Goodreads could improve here.
- As the number of niche's increases, the ability of people to consume more content within the genre increases. This depends on the genre, but it gives me hope that we can increase the number of people who read through Goodreads, by creating better filters to connect readers of various niche's.
- each year 200,000 books are published in english, and fewer than 20,000 make it into a bookstore. Only 2% of the books published in 2004 sold more than 5000 copies, and can be considered profitable.
- There is another factor that determines why people create content, other than money: reputation.
The trouble is however that the theory is proved right within just a few areas of business and as growing product granulation seems natural for entertainment or media industry it gets much harder to find evidence in other areas, not in Anderson book at least. To name a few examples: consumer banking, automotive industry, telecommunications: these are all major contributors to GDPs of most of the developed countries yet I cant recall them being discussed in the book.
So as tempting it is to consider Long Tail theory groundbreaking or at least brilliantly synthesising and capturing important micro-trend it's limitations are not disputable and openly admitted by Anderson himself in the epilogue. So if you expect the book to re-write basic rules of economy, it's very far away from it. But if you hope for more understanding of dotcom business environment, it might be just the right choice for you.
There is one particular motive in the book that I found very disturbing though. In the chapter called "Paradise of choice" Anderson directly argues with some of the ideas put forward by Barry Schwartz in his book "The Paradox of choice". Schwartz warns against overwhelming choice as potentially dangerous for our everyday mental comfort putting too much of unnecessary pressure on simple choices like a pair of jeans (or at least it seems simple to me). If "paradox" is a subtle way to describe the phenomena of growing variety of products, calling it "paradise" seems way out or proportion. Are we really getting closer to divine state of mind with growing number of tomato sauces, raspberry jams and more importantly with ultimately everyone of us watching different movies, different news channel on the web, reading different books? To benefit from diversity, to exchange opinions in a fruitful way we need to nurture common ground of understanding. Otherwise, we are heading into ever more fragmented society and it has nothing to do neither with Soviet era economy as Anderson tries to impute, nor with "paradise".