longtail

Meanings

• noun

  A term used in business and economics to describe a market segment that consists of products or services with low sales volume but high potential. In the context of the internet, it refers to niche markets where consumers search for very specific information.

  - "The longtail market for antique stamps is quite large, despite the low sales volume of individual items."
  - "Google's search algorithm is designed to cater to the longtail, providing accurate results for even the most obscure queries."

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Variants

List of all variants of longtail that leads to same result
lengthier , lengthiest , lengthily , lengthiness , lengthinesses , lengthy

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'longtail' originated from the Pareto Principle, also known as the 80/20 rule, which states that 80% of effects come from 20% of causes. The 'longtail' represents the 80% that is often overlooked in favor of the 20% with high sales or usage.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'longtail' was popularized by Chris Anderson in his 2006 Wired article 'The Long Tail'

2. The longtail market can be visualized as a power law distribution, where a few products or markets account for the majority of sales or usage, while many niche markets account for the remainder.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Pareto Principle: A fundamental concept in economics and business that states that 80% of effects come from 20% of causes.

2. Niche market: A market segment that caters to specific consumer needs and preferences, often with low sales volume but high potential.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The term 'longtail' has gained popularity in recent years due to the rise of the internet and the increasing importance of niche markets. It has been extensively discussed in business and economics literature, particularly in relation to the digital economy.

How to Memorize "longtail"

1. visualize
   

   - Imagine a bell curve representing the distribution of sales or usage. The 'longtail' refers to the part of the curve that extends beyond the peak, representing the niche markets or products with low sales volume but high potential.

2. associate
   

   - Associate the term 'longtail' with the concept of niche markets and the Pareto Principle. Visualize a market with a long tail of small but significant segments, rather than a narrow focus on the high-volume segments.

3. mnemonics
   

   - Use the acronym 'NICHE' to remember the meaning of 'longtail': Niche, Incremental, Complementary, Hidden.

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