How To Get Music From Amazon Music To Mp3 Player The Long Tail: Big Hits and Big Misses

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The Long Tail: Big Hits and Big Misses

“Long tail” is the name given to the distribution of various statistics defined by a small group of high events and a large group of low events. Created by Wired Magazine Editor Chris Anderson in 2004, Long Tail has since continued to study and compete with online marketers. The idea is straightforward. Think Hollywood Movies: There are thousands of popular movies and movies that no one has ever heard of. In economics, it is the Pareto principle: 20% of all products, 80% of the impact. It is these untouched failures that form the long tail. Anderson claims to have discovered 98% new rules no matter how much content you post online, someone somewhere will show up to buy It. eBay seems like a perfect example. Online label sales have millions of items pulled from all of Auntie Tilly’s cabinets in the world and still seem to be looking for buyers somewhere for everything.

On the Internet, where storage and distribution costs are close to zero, Amazon can offer 3 million books for sale, compared to the usual 40,000-100,000 bookstores. The same goes for CDs, DVDs, digital cameras and portable MP3 players. Everywhere you look today, the tide of protectionist sentiment is flowing. But someone is always looking for something. With one billion people online, even one product per million will find 1,000 buyers. According to Anderson, online music sites sell access to 98% of their titles once a quarter. According to Netflix, 60% of the 85,000 titles are rented at least once a day by someone. Unlike virtual stores like Wal-Mart and Sears, online merchants are much cheaper because they have no stores and lower labor costs. Therefore, it can be loaded on inventory, including goods that are rarely sold.

There are many effects of Long Tail phenomenon for website marketing. Some authors, such as Anderson, claim that the Internet is revolutionizing digital content, making even specialty products more profitable, and the revenue generated by small specialty products will eventually surpass the revenue of popular movies, music and books. For Hollywood movies and all the procedures of the content, this means less focus on the sequel, which slows down the budget, and more emphasis on popular titles that have a fixed base that has a smaller audience but is made for It’s in the number of titles. The Long Tail is a democratic phenomenon: even lesser-known movies, songs and books can now be found online. There is hope for your blog and garage team! For economists, the long tail represents a net profit for social welfare, because now consumers can find the special content they really want, rather than taking “popularity” on the shelf. The long tail of the website makes customers happier and the possibility of making money on special products should encourage more “Indy” music and movie production.

The problem with all these omissions in the long tail is that very few people can find them because they – by definition – are mostly unknown. Hence, in their home state, the income value of low-demand products is closed by collective ignorance. This is where referrals come in: They can guide users to work vaguely but wonderfully based on the advice of others.

In many cases, recommendations are made based on the consumer’s previous buying behavior, which may or may not reflect the needs or preferences of the current consumer. However, the ability to narrow down the list of potential options makes the information gathering process more efficient and useful for many users.

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