MBA1475 Q&A Wednesday: How do I create an MVP for my physical product?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.9 • 1.2K Ratings

🗓️ 4 March 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Always, always test the MVP – no matter what you’re selling. If you don’t know, the MVP (Minimum Viable Product) is the first iteration of a product you can sell. It’s the barest-bones, cheapest-to-produce version of something you can still sell at a profit, to test the market potential of your idea in the real world. And you should always start with one.

Transcript

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0:00.0	Heyo! Welcome to the 100 R. M. A show because there's ups and downs in business and we're here to put you on firm ground every day with our daily 10 minute business lessons for the real world.
0:20.0	I'm your host, your coach, your your teacher Omar Z at home.
0:23.0	I'm also the co-founder of the $100 MBA, a complete business training and community online.
0:28.0	And today's episode is a Q&A Wednesday episode.
0:30.0	On our Q&A Wednesday episodes, I answer a question from one of our listeners.
0:34.0	Yep, somebody is just like you.
0:36.0	If you have a question you want to ask, just email me over at omar at 100MBA.
0:41.0	Today's question is from Lance, and asks how do I create an MVP for my physical
0:46.4	product MVP stands for minimal viable product a prototype. Lance writes in
0:52.1	says I'm really excited about a new physical product that I'll be selling very soon.
0:56.8	I have all the designs and even created a landing page to start collecting some interest.
1:02.4	But I need a minimal viable product.
1:04.0	I need to be able to sell a few units
1:07.0	to make sure I've nailed the specs of my product.
1:10.0	Where can I get somebody to create my physical product for me?
1:14.4	What are my options?
1:15.6	Thanks, Omar for the amazing show.
1:17.2	Really appreciate your help, Lance.
1:19.2	Thank you, Lance, so much for listening and for the question,
1:21.7	because I know there are many people listening to the show that may
1:24.6	have this question in their head.
1:26.6	So by me answering it, by you asking it, you're really going to be helping a lot of people.
	...

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