Business, Legal & Accounting Glossary
The Long Tail refers to a frequency distribution in which a large percentage of the points fall in the fringes of the curve. Made popular by Wired writer Chris Anderson, in an internet environment, The Long Tail seeks to capitalize on commerce outside of the mainstream. The contention is that combined, there is more business yet less competition in these peripherals than in the bulk of the distribution.
The idea that every day, more books nobody has ever heard of are sold on Amazon.com than bestsellers illustrates this concept.
The Long Tail can be taken advantage of when products can be stored digitally (such as books that are only printed upon order) instead of stored physically, which take up shelfspace, logistics, shipping, and other costs and resources.
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This glossary post was last updated: 29th March, 2020 | 0 Views.