Coined by Chris Anderson, the concept of the Long Tail works very well with the ways in which new media is used by your customers. This has become a common term in online or digital media because the large availability of choice and negligible distribution costs in the media allow for greater or distributed selection. This mechanism in turn can map to the buying and sharing patterns of a greater percentage of your customers. Some applications of Long Tail are social network mechanisms (like crowdsourcing, and peer-to-peer collaboration), user-driven innovation (Eric von Hippel), micro-finance (Grameen Bank) and economic models, and... Read more →