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pareto principle
Internet Marketing Long Tail Bashes the "80:20" Rule
By Andrew Wee
Wired editor-in-chief Chris Anderson (also the editor of “The Long Tail: Why The Future of Business Is Selling Less of More”) was in Singapore last week for the Media Leaders Series and his Long Tail theory has put paid to Vilfredo Pareto’s 80:20 rule.
An except from the Long Tail reveals how pervasive the Long Tail is, and how it put the 80:20 rule on its head.
Meeting Ecast CEO Robbie Vann-Adib, Anderson is asked what percent of the top selling 10,000 digital music tracks are sold or rented at least once a month.
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