So no, it doesn't seem like it's as simple as early adopters or novelty-seekers.
So no, it doesn't seem like it's as simple as early adopters or novelty-seekers.
Moreover, How do you distinguish an early adopter from a harbinger? I'd argue that there's very little in this article (as presented) that helps with that.
New products typically fail. If you are a consistent early adopter, you will buy a lot more failures than someone who sticks to tried-and-tested products.
If anything, "twice as many" is lower than I would have thought. In my opinion, this suggests that early adopters are rare - that there isn't a novelty-seeker type of person who goes around trying new products for the sake of it.
What they should be measuring is slightly different than this. If these people buy a new product, does that make the product more likely to fail than it would otherwise? (Given that the product is likely to fail anyway)
As I've understood, this stricter statistic is not seen in the article. Even if we could identify people like that, I would put those people into the category of "temporarily unlucky early adopters" and would not expect them to have predictive power.
With that in mind, the conclusion of the article seems nonsensical.
If people who ordinarily don't try new stuff are buying your product, then it will be a mainstream success.
If they don't, then noone cares if the consistent early adopters think that your product is great.
For a physical retail store, items that are well liked by a 0.1% of population are a failure - since they carry much of the same fixed costs as a similar item liked by 40% of population, and extra variety costs them; and the best target audience of a physical retail store is "everyone who lives close enough" or "everyone of socal demographic X who lives close enough".
An online store can serve only that 0.1% audience based on their flavour preference. If there are a million people worldwide who really like Diet Crystal Pepsi? Great, there's a lot of money to be made on that product - even if it's unprofitable to stock it in Walmart and expect that a Diet Crystal Pepsi fan will wander in today.