Mike Hockett is CBA’s Training & Development manager. He has more than 28 years of experience in the CBA industry, and he manages the CBA Consulting Program. For more information about how you can apply the principles Mike mentions below, send him an email.
You know how sometimes you buy a business book, read it and find it to be so boring that you fall a sleep every time you see its cover. Well, that’s the way it was when I first read The Long Tail by Chris Anderson. Chris actually does a great job of explaining the Long Tail and illustrating some facts to back it up. For those of you who are Long Tail addicts and really understand everything that Chris says in his book you may find what I have to say elementary. However, I do think it follows much of Chris’s application in his more recent book, Long Tail, the Revised and Updated Edition: Why the Future of Business is Selling Less of More. For those of you who sell books and especially Christian books, I think you will find what I have to say interesting and beneficial.
Here is my short take away and application of Chris’s book. There are many more products available over the Internet than are available in a retail store setting. This availability of additional product is called the Long Tail. If a retailer can identify this product based on customer demand and have it in-stock when the customer wants it, you have a sale – a sale that you would not have unless you carried the product in-stock. When you do not have this product in stock, guess where your customer goes to buy it? You’re right the Internet. It doesn’t take this old retailer long to figure out that Long Tail product is worth finding and selling. After all it is usually product that you can make full margin on and you don’t have to carry large quantities. I am selling less of more.
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