MBA924 How to Create a Successful Version 1 of a Product
The $100 MBA Show
Omar Zenhom
4.9 • 1.2K Ratings
🗓️ 23 January 2018
⏱️ 18 minutes
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| 0:00.0 | Heyo! Welcome to the $100 MBA Show, the business podcast that helps you sharpen your business skills every single day. |
| 0:17.0 | With our daily 10 minute business lessons for the real world, I'm your host, your coach, your teacher, Omar, and home. I'm also the co-founder of the $100 MBA, |
| 0:27.1 | a complete business training and community online over at 100 NBA.net. |
| 0:33.2 | If you have a business idea that's keeping you up at night, |
| 0:35.7 | your first step is to make sure people want what you're about to sell. |
| 0:39.4 | This process is called idea validation, |
| 0:41.9 | and it's something that we're really good at at the $100 MBA. |
| 0:45.3 | It's one of our most popular courses and we're offering it to you for free. |
| 0:49.7 | It's a seven-part video course and workbook that you can get over at 100 MBA.net. |
| 0:55.6 | In today's lesson you will learn how to create a successful version one of a product. |
| 1:02.4 | When you're launching a new product in your business, whether you have an |
| 1:05.9 | e-commerce store, whether you're selling an e-book, whether you're selling a course, whether you're |
| 1:09.1 | selling a software, getting it out in the world with version one is so important. |
| 1:15.0 | But it's also very critical. |
| 1:16.0 | You want to make sure you do the right thing so you get the momentum, you get the success you need, |
| 1:21.0 | to keep moving forward, to keep continuing with this product idea. |
| 1:24.6 | That means creating a product that people want and will buy. |
| 1:29.3 | And this requires a balance. |
| 1:30.6 | A lot of people spend a lot of time planning their product, tinkering away, and |
| 1:35.3 | delaying the launch of that product. |
| 1:37.3 | But you don't know what people really want or are willing to buy until you actually put |
| 1:41.1 | it out in the world. |
... |
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