2. #1 is the National Obsession
Most top-50 albums made in
1970s and 1980s
World defined by celebrity and
mass-appeal
3.
4.
5. 80/20 RULE (OLD)
20% of Products Account
for 80% of Sales
Purchase bound by
Supply
98% RULE (NEW)
Unlimited Supply/
No Storage = Unlimited
Purchase Potential
6. Tail of Availability is
longer than realized
Niche products are
within reach
economically
Niche markets make
up a significant part
of the economy
7.
8. Online Independent
Instruction
Game-Based Learning
Video Library, Practice
Exercises, Assessment
Turning the Classroom
Inside Out
9. LOWER COSTS EXAMPLES
(1) Move Inventory In Online end of WalMart,
Centralized Warehouse Target, Best Buy
Inventory
…or OUT eBay, Amazon.com
Virtual Inventory
(2) LET CUSTOMERS DO Wikipedia, Craigslist,
THE WORK Netflix
10. THINK NICHE EXAMPLES
(3) Multiple Distribution iTunes, Amazon (B&N)
channels help you reach
the widest possible
audience
(4) One Product doesn’t fit Microchunking (albums,
all songs, ringtones, etc)
(5) One Price doesn’t fit all “Buy It Now” & Tiered
pricing
11. LOSE CONTROL EXAMPLES
(6) Share Information Ranks by “review” or user
recommendations
(7) Think “and” not “or” Alternate ending DVDs,
KitchenAid Color Sets
(8) Trust the Market to Online ranking, etc
know what works
(9) Understand FREE Free samples, Free Email,
$0 production/$0 cost