Oh dear. Another red hot business notion that is going to level the old paradigm, change the world as we know it, and create piles of dough for those with the capacity to think outside the box and the gumption to stay ahead of the curve.
I’m losing track of all these paradigm shifts. But the new one is called The Long Tail, and it comes to us via a book of that name, written by a fellow by the name of Chris Anderson, who is the editor of – who would have guessed? — Wired Magazine. Anderson’s argument is that computers and the Web have changed not just the mechanics of selling but also the nature of what is sold. In the old days, people bought a lot of a relatively few things. It was the 80/20 rule: eighty percent of sales came from twenty percent of the stock.