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Early adopter

 
TechEncyclopedia:

early adopter

A person who purchases a new technology shortly after its introduction to the market. Examples are the myriad new products starting in the 1980s, including personal computers, music CDs, digital cameras, smartphones and hybrid automobiles. Many people love to be the first on the block to show off something unusual, but they take a risk embracing a new gadget. However, without the early adopters, vendors would never be able to perfect their products, which eventually results in lower prices and makes them more palatable for the masses.

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Barron's Marketing Dictionary:

early adopter

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Consumer who is among the earliest within a market, after innovators, to adopt an innovation. According to the bell curve model of diffusion, early adopters are the next 13.5% of the consumers in a market, after innovators, to adopt an innovation. An advertiser can optimize the cost effectiveness of an advertising campaign for an innovation by targeting it toward innovators and early adopters. See also adoption process.

Wikipedia on Answers.com:

Early adopter

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An early adopter or lighthouse customer is an early customer of a given company, product, or technology; in politics, fashion, art, and other fields, this person would be referred to as a trendsetter. The term originates from Everett M. Rogers' Diffusion of Innovations (1962).[1]

History

Typically this will be a customer who, in addition to using the vendor's product or technology, will also provide considerable and candid feedback to help the vendor refine its future product releases, as well as the associated means of distribution, service, and support.

The relationship is synergistic, with the customer having early (and sometimes unique, or at least uniquely early) access to an advantageous new product or technology, but he also serves as a kind of guinea pig.

In exchange for being an early adopter, and thus being exposed to the problems, risks, and annoyances common to early-stage product testing and deployment, the lighthouse customer is sometimes given especially attentive vendor assistance and support, even to the point of having personnel at the customer's work site to assist with implementation. The customer is sometimes given preferential pricing, terms, and conditions, although new technology is very often expensive, so the early adopter still often pays quite a lot.

The vendor, on the other hand, benefits from receiving early revenues, and also from a lighthouse customer's endorsement and assistance in further developing the product and its go-to-market mechanisms. Acquiring lighthouse customers is a common step in new product development and implementation. The real-world focus that this type of relationship can bring to a vendor can be extremely valuable.

Early adoption does come with pitfalls: early versions of products may be buggy and/or prone to malfunction (such as the Commodore 64 or Xbox 360) or prematurely obsolete (8 track tapes, Betamax, HD DVD, Laserdisc). Furthermore, more efficient, and sometimes less expensive, versions of the product usually appear a few months after the initial release (Apple iPhone).[1][2] The trend of new technology costing more at release is colloquially referred to[by whom?] as the "early adopter tax".

References

  1. ^ Rogers, Everett M. (1962). Diffusion of Innovations. Free Press of Glencoe, Macmillan Company. 

2. http://news.cnet.com/8301-13508_3-9790142-19.html

See also


 
 

 

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Barron's Marketing Dictionary. Dictionary of Marketing Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia on Answers.com. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article Early adopter Read more

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