This is not an idea that’s original to me. Read The Long Tail or any number of modern entrepreneurs and you’ll see the same concept:
We no longer buy hits.
Of course, that’s not strictly true. Obviously, a hit is generally defined numerically (a gold record sells 500,000 copies… books are a little more mysterious: the exact qualifications for making the New York Times Bestseller list are considered trade secrets proprietary to the NY Times… if you have these, please give me a call), which means that, since there are still hits, people are still buying them in large quantities).
But, the middle ground, the hits, have become less significant. Part of this is tied up in the fact that we consume more–so just the hits are not enough. The other part is that we’re rampantly individualistic. I’ll leave the philosophical and theological considerations for another time and focus on the business implications: There are more people interested in more niche topics than ever before in the history of the world. It’s not that people are more interested in life in general than we were in the past, it’s that technology and information have made it possible for me to have a completely different set of interests than the guy across the street.
Actually, that’s probably a great example.
If you looked at our two households, seven people (4 in his, 3 in mine), you would probably find a few interests that crossover — cooking, lawn maintenance, maybe the TV show NCIS. But from there, you’d find an incredible split. It’d be likely that if you asked each of those individuals what tv show they most liked to watch, what song they had most recently heard, and what book they were reading, you’d find no more than one or two matches through seven people.
This matters to me as an aspiring creator of content. It matters a lot. It indicates that, if a) there are enough people out there interested in similar types of stories as me and b) I can find a cost efficient way to deliver the type of story that will appeal to those people, then, it just might be possible to actually make a living at something like this.
It’s a paradigm shift. Content and product creators no longer need to be the most popular to succeed. They just need to find their following.