The Long Tail A Myth? Study Calls It Into Question

A Wall Street Journal Article today cites a study by Anita Elberse, a marketing professor at Harvard’s business school, entitled, “Should You Invest in the Long Tail?“, which finds evidence that in the online world, consumers gravitate towards the most-popular items just as in the offline world. The Long Tail, if you don’t already know, refers to a theory promoted by a book by Chris Anderson titled “The Long Tail”, which describes a sort of niche strategy of business, such as employed by Amazon.com or Netflix, that sell a large number of unique items in relatively small quantities. The idea is that while you can obviously sell large numbers of a few popular items (the “head”), the cumulative, smaller number of sales of all your many less-popular items (the “tail”) might easily add up to a far greater total amount. “Head”... [read full story]