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The $100 MBA Show

MBA2517 How To Create a Million Dollar Product or Service

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 6 September 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

Ever wondered what it takes to turn a simple idea into a million-dollar product or service? What separates successful entrepreneurs who’ve created multiple million-dollar ventures from those who fall short? In this episode, we’re unpacking the mystery behind creating a million-dollar product or service.

Transcript

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0:00.0

Hey, welcome back to the $100 in VA show. I'm your host Omar

0:09.7

Zinn Home. And in today's lesson, you learn how to create a million dollar product or

0:14.8

service. You're in luck because I've created multiple million dollars products or

0:18.6

services whether it's this podcast the $100 MBA whether it's our webinar product that we grew for 10 years and sold to ProProft's webinar Ninja.

0:27.3

So I have a lot of experience in knowing how to create a product that really sells, that really gets you the best chance of success.

0:37.8

I've also created some DUD products, don't worry, I've had my share of failure so I know what not to do.

0:42.1

So I'm going to walk you through step by step

0:44.7

how to create that million dollar product or service and I'm going to make it even easier for you if you want a clean,

0:50.9

nice worksheet and checklist that you can work on.

0:54.5

It's a really combo worksheet checklist

0:57.0

over at 100 MBA.net slash worksheets.

1:00.2

You can download over there.

1:01.4

It's going to help you tremendously walk through this

1:03.9

process but let me dive right into getting into this concept. How do you create a

1:09.7

product that really moves the market and gets you the customers you want.

1:14.0

Well, it starts with a very important idea or concept or mindset that you need to really fully

1:21.1

understand.

1:22.1

And it starts with this. Did you know that the

1:23.7

difference between a good idea and a million dollar product often comes down to

1:28.4

execution? A lot of people are obsessed with their ideas.

1:32.8

They think, I got this amazing idea for my business.

1:35.1

It's gonna go crazy.

...

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