This book is a
fascination because in to reveal insights that I have not previously
had. Basically the long tail relates to the sale of products that most
users are and sellers pay very little attention to because there are
not that many of them.
However, Anderson demonstrated very clearly, especially in
chapter 2, that not only is the long tail real but it's extremely
important. I have to say however, that after chapter 2, I found this
book repetitive and a little bit tedious.
Basically, the reason to the tediousness is that Anderson has
used a very restricted number of examples in this book. He concentrates
enormously on the music industry, the sale of CDs, the downloading of
songs from the Internet and music in general. He does eventually move
on to other products but by that time it has become tedious.
the long tail, then, he is best described by the
diagrams on page 1921 23 and 25. On page 25 diagram entitled online
music popularity (Rhapsody, Dec 2005) illustrates the long tail by
showing titles ranked by popularity on the horizontal axis and the
number of downloads on the vertical axis. The key to understanding the
long tail is to appreciate that there are 25,000 songs available at
Wal-Mart and Rhapsody, for example, but then as a further million and
more songs available only and Rhapsody. It's these 25,000 plus songs
that form the Long tail in this example.
Anderson makes the same point about Amazon.com and your
average town centre bookshop. The bricks and mortar bookshop might
stock 5000, 25,000 or even the hundred thousand titles: they are in the
short tail. Amazon.com ostensibly stocks one million, 2 million, and
books. Of course, in reality Amazon.com stocks very few books; but it
has these millions of edible the sale. Again, it's these books beyond
the 100,000 that represent the long tail.
Now that we know what the long-term is, good to do? The point
is, that these companies and people who appreciate that there is a long
tale realise that even though they may sell relatively very few of
those products in the long tail, they do sell and they do add value and
there is profit to be made.
In the diagram on page 23, the new growth markets: products
you can't find anywhere but online; Anderson shows the number of
products available at Rhapsody, Netflix and at Amazon; and he makes the
kind of comparison I just made with bookshops and Amazon and Wal-Mart
and Rhapsody. The figures really astonishing.
The people who really need to know about the long tail work in
the marketing department; because knowing about the long tail and
what's in it, what is potentially and it, must be vital to them to
know. After all, once Amazon sort out its long-term profitability you
could very well take over the world! I have to confess I don't know
Rhapsody and Netflix but from what I read in the long tail, the same
could be true of them.
Anderson gives a very good example of the potential power of the long tail on page 156: 'of the estimated 30,000 new album is released each year, Wal-Mart carries just 750, according to David Gottlieb, a former label executive. That works out to only 2.5% of the new music released each year and the 4,500 unique CD titles that Wal-Mart carries in its stocks are less than half of 1% of all the music available ... it's ironic, this paradox are plenty: walk into a Wal-Mart and you're overwhelmed by the abundance of choice. Yet look closer and the turf in this of this cornucopia is revealed. Wal-Mart shelves a display case milewide and 24 inches deep. At first glance they may look like everything, but in a world that actually a mile wide and a mile deep of an era variety just isn't enough.'
On page 92 there is another diagram, again showing the long
tail, that illustrates three economic cut-off points: physical
retailers, hybrid retailers and pure Digital retailers. Physical
retailers are the bricks and mortar kind; hybrid retailers including
Amazon.com which stores with no retail overheads; and pure Digital
retailers include Rhapsody and stores with no physical goods. according
to this diagram on page 60 whilst hybrid retailers are in the long
tail, the pure Digital retailers could be said that the real long-term
players.
| Book
Sales 2004 |
| sales range | titles | units |
| 1,000,000 or more | 10 | 17,396,510 |
| 500,000 to 999,999 | 22 | 13,798,299 |
| 250,000 to 499,999 | 64 | 22,252,491 |
| 100,000 to 249,999 | 324 | 46,932,031 |
| 50,000 to 99,999 | 767 | 51,858,835 |
| 5,000 to 49,999 | 23,047 | 280,000,591 |
| 1,000 to 4,999 | 67,008 | 149,093,614 |
| 100 to 999 | 202,938 | 69,548,499 |
| sold 99 or less | 948,005 | 14,346,417 |
| total | 1.2 million | 665
million + |
By way of a summary of this table Anderson says this, the
consequence of this is that whatever you are
looking for, there's more stuff you aren't looking
for the farther you go down the tail
Looking at the long-term from Bierce letter different perspective, and is contrasts mainstream media with blogs as they compete retention on line. He sure is a diagram on Page hundred and 87 that lists the top 30 of 40 blogs in terms of incoming links from other sites and he shows mainstream media, for example, the New York Times, CNN and, the BBC; but buried in there are blogs called Boing Boing, Engadget, PostSecret, and Daily Kos, none of which he is mainstream media but they are popular.
This is a peculiar one: in chapter 10 Anderson talks about choice and the possible effects of having too much choice and he taught about having tasting sessions and jams, as in Strawbridge raspberry and so on; and then he says, 'and they also uploaded a weird jams such as lemon curd.' Excuse me, lemon curd is my very favourite jam! Maybe it's an English thing!
so, whilst I have found the book very interesting and I would recommend it is a good read for all intermediate or advanced students are marketing and business studies and accounting people in general, I did find it repetitive in terms of the examples that Anderson gave. Nevertheless, companies like Rhapsody and Netflixs curry thriving on this long tail.
Duncan
Williamson
9th June 2007