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When you're in back to back meetings all day, you're trying to stay present, but you're also worried you'll forget the decisions that are made in the meeting. The action items you got to do the important next steps that you need to take. That's where Granola comes in. Granola is an AI powered notepad for meetings. You jot down rough notes like you always do and in the background Granola transcribes and turns them into clear, useful notes. When the meeting ends. No bots joining your calls, no distractions, just a clean notepad that helps you focus. During or after the call, you can chat with your notes. Ask Granola to put out action items, help you negotiate, or even write a follow up email. I've been using Granola for some time now and one of my favorite features is that after a meeting I just ask Granola what are my action items after a 30 minute or 60 minute meeting. Sometimes you'll forget to jot down a thing or two that you need to do. So it's always good to know that Granola's got my back and I can just ask it at after the meeting what I need to do next. Head to Granola AI MBA and get three months free with the Code mba. That's Granola AI MBA and get three months free with Code MBA for small business, a high speed fiber connection is only one piece of the puzzle. You need Total Solutions Advantage from Comcast Business. It's the first ever combination of the largest, fastest fiber powered network gig speeds with equip and security included plus a five year price lock. Learn more get started with a great offer as low as $60 per month at comcastbusiness.com Small business ends June 1, 2026. Restrictions apply for new customers with 300 Mbps Internet and security edge One year agreement ECO bill and auto pay required taxes and fees extra call for details I want to tell you about the best business decision I ever made. I essentially built it once and it's been sell and over again ever since. No warehouse, no investors, no storefront, no supply chain. I'm talking about a digital product. Today I'm going to be sharing insights I've never shared before. The behind the scenes of the math and the mistakes that most people don't talk about. And I'm going to save you a ton of time, money and heartache if you want to build a digital product today. Welcome back to the $100 MBA show. I'm your host Oma Mars and home where I deliver practical business lessons three times a week, Monday, Wednesday and Friday to help you start, grow and scale your business. I got a quick favor to ask if this show has helped you in any way. Leave me a quick review. You could do so wherever you listen to podcasts. This helps me and my team reach even more people who need the same no fluff practical business advice that you're getting from the show. It only takes a few seconds, but it makes a huge difference. Thanks for being a part of our journey to help others on their journey. Firstly, what exactly is a digital product? A digital product is anything of value that is delivered electronically on the Internet. Pretty simple. No shipping, no inventory, no physical form. Some examples include online courses, programs, ebooks, guides, templates, toolkits, memberships, communities, workshops, masterclasses, software and apps, AI tools and prompt packs. You know, prompt templates, even coaching programs to deliver digitally. What makes all these special is the economics. You build at once. The cost to sell a second copy is zero. The cost to sell copy number 1000 is still zero. There's no other business model in the world where you can have such incredible margins. And that's the fundamental reason why digital products are one of the most powerful assets you can build. One of the most common questions I get asked when it comes to building a digital product is how long does it take to create one? And the honest answer is it depends on what you're building. If you're creating a short ebook or template, it could really literally be a focused weekend and it's out there in the world. If it's a mini course or a challenge, two or four weeks and you're pretty much done. But if you're building a fully fledged program like the 100 MBA that has many tools and templates and software and all bunch of stuff that work with it, it could take several months of focused work to get it all done. But here's the thing that most people get wrong. They wait until their product is perfect before they launch. And that's a big mistake because perfect never comes. Listen, the first version of the $100 BA when it came out back in 2013, which is what, more than 12 years ago, it doesn't actually resemble today's program. Today's program is much, much bigger. It's well thought out. The production is much higher. And that is a good thing because that meant that I started and iterated and improved and I learned from my customers what they actually value and need before I started to change it, improve it, and add to it the smartest approach I found is to build a minimal viable version. The core solution to the problem you're trying to solve, get it in front of people and then improve upon it based on their feedback. Remember, the first version is just that, the first version, it's not the final version. It just needs to be genuinely useful to your customer so that they can feel compelled to buy it. And just to give you an example, when the $100 BA came out back in 2013, it launched with a core curriculum, a clear promise and enough value to get people paying for it. It didn't have the workbooks and the clear steps that we have today, didn't have all the templates that we have, had some templates, but not the library of templates that we provide. It didn't have AI tool, they didn't have AI prompts or AI writing apps for them. They didn't have a way to even track their progress or take notes or any of that. And that's okay because that means I left room to improve based on what the customers want and not just based on my own beliefs and what's in my head. The most important thing is that foundation that we built on top of over the years. Here's something subtle that most digital product creators never understand and it costs them a lot of money and time and energy and that's that physical products have a built in value perception advantage. When you buy something physically, whether they're, you know, headphones, whether it's a notebook, even something simple, when somebody holds something in their hands, their brain registers value automatically. It's like, this is mine now I have it. You can feel it, you can show it to someone. It exists in the world, right? Digital products don't have that. Everything is consumed on a screen. And that gap, that tangible gap, means you have to work harder to create perceived value. This is not a flaw in the model, it's just a constraint that you need to understand and design around it. And I wouldn't be doing you right, I wouldn't be serving you right if I didn't point this out. So you really need to increase the perceived value of your offering as much as possible to make it compelling. The simpler way to put it is the way to close that gap is by over delivering. Your digital product needs to feel more than what the customer expects to get. More depth, more tools, more support, more clarity. When someone finishes your product and feels like they got three times what they paid for, that's how you will win in the space. I actually aim for 10x because that will get Them to talk about the product and tell other people and get me customers for free. That's a standard I set for everything I create in the digital product space. And it's the standard that you need to set too, if you want to make this easy on yourself. I've seen hundreds of digital products and the single biggest difference between the ones that sell and the ones that flop is simply this. Listen very carefully. Does the customer know exactly what result they will get? That simple. Does the customer know exactly what result they will get from your product? Not kind of. Not vaguely. Exactly. Let me give you a concrete example so that you fully understand what I mean. Let's say you're in the market for a new electric car and you don't know what you don't know, right? You're nervous about making a big mistake. This can cost you $50,000, $100,000. Now imagine there's a three hour course with a test drive checklist that walks you through every question to ask, every red flag to look for and every feature to compare. You consume this three hour course on Friday night and then you walk into the dealership on Saturday morning feeling completely confident you know how to choo the right car for you. Would you buy that? Of course you would. Because the outcome is crystal clear and you'll buy the right car and not make a costly mistake. So the investment in this short course and this template or this checklist is a pretty good investment because it's going to avoid a major mistake and a major loss. And that's the formula for your digital product. You need to identify a specific person with a specific problem that's looking for a specific outcome in a specific reasonable timeframe. Four things. Let me say it again. A specific person with a specific problem that's looking for a specific outcome in a specific and reasonable timeframe. For our program, the hundred dollar mba, it's built on this exact formula. The outcome is simple. You could start an online business that's actually profitable. Now, for people who are already running a business, we have different tracks. We have a star track, we have a growth track, we have a scale track. Each have a clear outcome. The start track allows them to start and make their first dollar. The growth track has a clear outcome of reaching $300,000 in annual revenue. The scale track has a clear outcome of reaching a million dollars in annual revenue. There is no ambiguity. When a customer arrives to our website, they know exactly what they're buying and exactly what they're working towards. That's a clear product for a clear person for a clear outcome and for a specific timeline. We make it super clear on the website how long it takes to complete the program so they have an understanding of the timeframe. By the way, if you're serious about building your business with us here at the Hundred mba, make sure you subscribe to the show because I have an upcoming episode that I'm working on that I think you're going to find really interesting. Yeah, you're not going to miss this because I'm going to share why I tend to hire women. What are some of the benefits I get by having more of a female presence in my company, and what are some of the things you may not expect to encounter when you have a team full of leaders that are women in your business? You don't want to miss it. So hit subscribe so you get it the moment it drops. The next secret I want to share with you is something that I wish somebody told me long before I started, and that's you're not selling information, you're selling implementation. This is one of the most important shifts you have to make in your thinking. Ten years ago you could build a course that was just good content delivered over slides. You could talk over PowerPoint slides on a video and you could sell that course. Valuable information, clearly presented, done. That worked because information was genuinely scarce. Today, information is everywhere. You can Google almost anything. You can find a YouTube video or a tutorial on basically every skill that exists. And now with AI, you can literally just chat with AI to get answers in seconds. Spring testing is around the corner, projects are picking up and the push towards the end of the year is officially on. IXL helps kids stay confident and prepared during this important stretch. What's ixl? Well, it's an award winning online learning platform from Pre K through 12th grade with personalized interactive lessons in math, reading, writing and science that adapts to each child's level and pace. And you know I love data. IXL has proven it in all 50 states to improve grades. Students who use IXL score higher on tests. IXL is used in 96 of the top 100 school districts in the US as many of you know, I was a schoolteacher for over a decade and as much as I wanted to give each student in my class the individual attention they needed, sometimes there wasn't enough time. The honest truth is if you want your child to do well, they need ixl. That way they can review key skills before testing, keep the momentum up through spring break and build confidence outside the classroom. With IXL's instant feedback with clear explanations, it's easy for students to improve even with a busy schedule. Make an impact on your child's learning. Get IXCEL now and the $100 MBA show listeners can get an exclusive 20% off IXL membership when they sign up today at ixl.com mba. Visit ixl.com mba to get the most effective learning program out there at the best price. Today's episode is sponsored by upwork. If you've been listening to this podcast, you know that I've been banging on about how the fastest growing businesses aren't doing more, they're delegating smarter. Good news. Upwork helps you bring in expert freelance help fast so you can delegate and keep moving. I've been using upwork for over a decade and the reason why I love it so much is that it's a one stop platform to find, hire and pay expert freelancers across web and software development, data and analytics, marketing, business operations and more. It's free to sign up and posting a job is easy. Upwork helps you grow your business by giving you fast access to specialized talent across more than 125 categories so you can fill in skill gaps, launch projects faster and scale support up or down without committing to full time headcount. And with Business plus, you can access the top 1% of talent on Upwork. And with AI powered shortlistings, you'll get matched to the right freelancer in under six hours. No endless searching required. This is why I love it because you get top talent quickly so that you can keep growing your business. Visit Upwork.com right now and post your job for free. That's Upwork.com to connect with top talent ready to help your business grow. That's up w o r k.com upwork.com so if your digital product is just information you are competing with free and the honest truth is you're going to lose. What people are actually willing to pay for now is implementation. Not just knowing what to do, but actually being able to do it. That means your product needs to include clear step by step instructions, not just concepts. It needs templates that they can use immediately to save them time and energy and not just examples to look at. They need an actual template that they can just complete. They're going to need workbooks and activities that put their learning into action. They're going to need tools that do part of the work for them, community or access to you so they're not doing it alone in the hunter. LBA yes, we have super high quality video lessons, but we've learned over the years alongside those videos, it's imperative to have those tools. We have an interactive workbook with exact activities that students need to do so they can start implementing what they're learning in their business immediately. We have templates like one page business plans and marketing templates and profit and loss sheets and all bunch of stuff that they can just plug and play and use actual templates that I use in my own business. We have AI tools to help students write better emails, create better offers, validate ideas. We even have something called Omar AI which is a custom AI trained on my content so students can ask questions. They get answers immediately so they don't have to wait for an answer for 24 hours or a week or whatever it might be. They can just get it right away and they can interact directly with me through our community. This is not an information product. This is an implementation system. And that distinction is what makes people renew month after month, year after year, instead of canceling after one week. The truth that people do not talk about online is that the quality bar has never been higher. I have to be straight with you when it comes to this because you have to have high production quality. This is what people are used to now. Ten years ago the bar was incredibly low. A decent webcam, a quiet room, a genuinely good content that was explained clearly was enough. But those days are over. Honestly, customers today have been trained by Netflix and YouTube and masterclass to have polished videos. Polished content that they can enjoy but also learn from their eyes and ears, know exactly what quality looks like and sounds like. So you can't really phone it in. You have to really make sure your product is high quality. Now it doesn't mean you have to have a Hollywood studio. It just means you need to remember to have good lighting, clean audio, a clean background that's not distracting, just some clean editing as well. These things are achievable on a modest budget even if you outsource it. But they're non negotiables now because your product quality is a signal about your brand and what you stand for. It tells your customer, customers before they consume a single lesson, how seriously you take your product. Especially if you're showing some samples of your course on your sales page or even your sales video and the quality that it is presenting at. And if you don't take it seriously, why should they take you seriously? Let's talk about price. And this is where a lot of creators really overthink it. So let me simplify it. Your Price needs to be compelling enough that it's a no brainer decision. That simple. It has to be a no brainer. It doesn't have to be cheap, but it has to be clearly something that is compelling for them to say, hey, this is great value. There's a difference. Cheap means low quality. No brainer means the value so obvious it exceeds the price. And that hesitation feels foolish. Here's something that most people don't fully appreciate about digital products. Your marginal cost of reproduction is zero. Like we mentioned, once you built it and you sell one more copy, it costs you nothing, right? That means you could price it attractively and still build a very profitable business. You're not constrained by manufacturing costs. Remember the way that a physical product is presented, you have to like recreate that physical product and send it to the customer. You know, a digital product is there for people to just consume without you needing to do any work or spend any more money. When I was building the $100 MBA back in 2012, and then when we launched in 2013, there were courses out there charging $2,000, $3,000, even $5,000. Just videos on a page, no workbooks, no community, no tools. That model worked when information was scarce. It doesn't work today. Now with our program, the hundred dollars MBA, I chose $100 a month for a reason. It's simple, it's easy. Okay? The name is in the price and it's super simple to remember. Second, it's a skin in the game filter. If you won't invest $100 a month to build your business and change your life, you probably aren't truly committed to building one. So you're probably not the student for me. Thirdly, it's genuinely accessible. It's less than a dinner out with your partner. It's not so expensive that it creates financial stress, but it's enough that people show up and do the work. Only you know the right price for your market. But I do encourage you to think less about what you think it's worth and more about what would make it a complete no brainer for your ideal customer. Now, I need to debunk something once and for all. Because the digital product space is full of people selling you the fantasy. And I'm here to give it to you straight. Okay? Yes, there's a concept of a built it once, sell it forever. Pure passive income. That's not exactly how it works. At least not if you want to build something that lasts. Digital products require ongoing investment. This is not entertainment. This is not like Seinfeld in syndication. This is information. And the information inside needs to be updated as the world changes. The videos need to be refreshed as the product standards start to rise. The templates and the tools need to evolve as your customer needs to evolve. If you have a community, you need to show up to it, right? If you have AI tools, you need to improve them, you need to support them. This is especially true if you're running a reoccurring subscription model, like a monthly billing or annual billing with a subscription, you're not selling one time, right? It's not a lifetime membership. You're earning the customer every single month or year because they're making a decision if they're going to renew every month or year. The truth is, customers can cancel the moment the value stops, right? If they don't feel like they're getting any more value, then they're probably not going to pay you anymore. Think of it like this. A digital product business is not a vending machine. It's a relationship. And like any relationship, it needs attention, it needs investment, it needs genuine commitment to be better and better over time. The good news is that if you continue to invest in your product, you build a loyal community of people that see you as a professional. So why do I think you should build a digital product? If you're creating content right now on Instagram, on YouTube, you have a podcast, you have a blog, you have an audience that trusts you. And a digital product is the natural next step. It's the way to take the people who already are getting value from your free content and serving them at a deeper level with more instruction, more structure, with more accountability, with more results. And beyond the revenue, here's what I didn't expect. When I built the hundred dollar MBA program, I learned more about my audience. I learned more about what they want, what they need. And I learned because these people are really invested in the program because they've paid money. I'll be quite honest with you. Most of the feedback I get from this podcast is positive because it's free. And as much as I love it, I don't really get feedback about what people need and want and desire and what their fears are until they're actually paying me money. And because they're paying me money, and I have a program with a dashboard with, you know, a software that's behind it that I can see analytics, I can see what people actually need and what they don't need. And not just base all my information on what they say. You learn where they get stuck. You learn where their fears are. You learn whether what kind of language they use when they describe their problems. So I can use that language in my sales pages and with the way I communicate my instruction. Building a digital product is not just a business move. It's an education in who you're serving. Now I have to be honest, I'd be doing you a disservice if I made this sound easy. It's not. Creating a digital product that actually sells requires a bunch of things. It requires a genuine understanding of your audience's pain and the problems they're going through. You need the discipline to define a specific outcome and stick to it for your audience. You need the commitment to build beyond just videos. You need to build tools and templates and community. That's going to take some work. You have the willingness to invest in a quality production. You need to work on this over and over so you can keep on improving it even after launch. Most people fail at building digital products because they build what they wanted to teach and not what their audience needed to learn. There's a difference. Let me say that again, okay? They built what they wanted to teach and not what the audience needed to learn. They also fail because they price their product based on their ego rather than value. They don't create a no brainer offer. They also fail because they launch it once and get mediocre results and they never iterate and improve it. But the people that do it, they stay close to their customers. They keep improving. They never stop asking is this person getting the result? I promise them. That question, asked honestly and often, is a secret to a digital product that sells for years. If you take anything from today's episode, it's this nice and simple. Find a specific person with a specific problem. Define a specific desirable outcome. Build an implementation system, not just content that gets them to the result. Price it. So it's a no brainer offer. Invest in a quality production and launch before it's perfect. When you have enough so that they get the outcome and then just never stop improving it. That's it. That's the blueprint that I use to build and maintain the hundred dollar MBA program. And hint, hint, it's the same blueprint that has worked for every successful digital product creator I know. And if you commit to it, it'll work for you too. If you're willing to do the work. If this episode has given you clarity to finally start building that digital product and you want to start using the power of AI to help you out, you'll want to check out an episode we recently published called the Ultimate Guide to AI for Normal People. In that episode, I walk you through, step by step, how to get started with AI so that you're not behind the curve anymore and you're utilizing it to leverage it in your business. If you found today's episode helpful and you want more practical business lessons to help you start, grow and scale your business, the best thing you could do is subscribe to this podcast, hit subscribe, or follow on your favorite podcast app, the one that you're using right now, whether it's Apple or Spotify or wherever you listen to podcasts. By hitting subscribe, you get our next episode automatically and it's the best way to support the show. It's absolutely free and it's a way for you to commit to growing your business. And now that you've subscribed, I'll check you in the next episode. This is the exclusive table with the view. This is your name on the list. This is three times points on dining with Chase Sapphire reserve and a $300 dining signing credit. Chase Sapphire Reserve now even more rewarding. Learn more at chase. Com Sapphire Reserve cards issued by Morgan Chase bank and a member fdic, subject to credit approval.