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29 sats \ 1 reply \ @tomlaies OP 5 Feb 2024 \ parent \ on: 10% of alcoholics buy 75% of beverage companies alcohol - long tail isn't real! econ
If they were they wouldn't fund so many startups around this.
Btw, I think you still haven't understood the difference. The 80/20 rule is true and works, while long tail doesn't. https://www.investopedia.com/terms/l/long-tail.asp
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0 sats \ 0 replies \ @Undisciplined 5 Feb 2024
selling low volumes of hard-to-find items to many customers
That is not what alcohol companies are doing. Alcohol is not hard to find. Thanks for the link, though. I do get what you're talking about now.
You may be right about this being a generally poor business strategy. It's not economists who are funding startups, though.
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