There is a lot we can learn from the success of internet based companies. One concept in particular, applies well to creating a strong brand, the Long Tail. The Long Tail is a phrase coined by Chris Anderson in October 2004 in Wired magazine (http://www.wired.com/wired/archive/12.10/tail.html). It is created by a market of unique products. These products do not appeal to masses but instead to distinct tastes. What makes them distinct also makes them different. Differentiation is pivotal to creating successful brands. By creating companies and products in the Long Tail you have already solved one of the challenges of creating a strong brand. Here is some background information on the Long Tail from wikipedia:
“The concept of a frequency distribution with a long tail — the concept at the root of Anderson’s coinage — has been studied by statisticians since at least 1946.[2] The distribution and inventory costs of these businesses allow them to realize significant profit out of selling small volumes of hard-to-find items to many customers, instead of only selling large volumes of a reduced number of popular items. The group that purchases a large number of “non-hit” items is the demographic called the Long Tail.” To read more go here http://en.wikipedia.org/wiki/TheLongTail
As individuals in society we are looking to find networks where people have the similar tastes, values and shared experiences. We want to to be a part of a community united by common thoughts w...
