To find the product of the expressions \((4b + 1)(3b + 1)\), we can use the distributive property (also known as the FOIL method for binomials).
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Multiply the first terms: \[ 4b \cdot 3b = 12b^2 \]
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Multiply the outer terms: \[ 4b \cdot 1 = 4b \]
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Multiply the inner terms: \[ 1 \cdot 3b = 3b \]
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Multiply the last terms: \[ 1 \cdot 1 = 1 \]
Now, combine all these results: \[ 12b^2 + 4b + 3b + 1 \]
Combine like terms (\(4b + 3b\)): \[ 12b^2 + 7b + 1 \]
Thus, the simplified product is: \[ \boxed{12b^2 + 7b + 1} \]