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Many online businesses fail because they are unable to adapt to the ever-changing digital marketing landscape. Businesses need to invest in adapting their business model, finding new ways to distribute their products, and understanding what consumers want. The first step of this process is identifying what the market wants.
As a society, we are more reliant on technology than ever before. With the growth of online businesses, it is important to understand why many of these startups fail. In recent years, companies such as Uber and Airbnb have been able to become successful with their model of relying heavily on technology. Many other startups though have been unable to reach the same level of success because they often neglect the fundamentals of modern business.