If you are thinking about setting up and running a paid mastermind group, you already know just how valuable this can be for your business. You can leverage the power of several minds to help your clients to solve the challenges faced in their businesses faster and in a more sustained fashion than if they try to go it alone. This page is all about how to set up and run a Mastermind Group to help you add a significant income to your business.
Why are Mastermind Groups so powerful?
A Mastermind Group is a perfect business offering. At the same time as allowing your business to offer one to many business mentoring, which is far more scaleable than one to one consulting or coaching, your clients gain insights from a range of business owners in addition to your advice.
In this day and age of transparency where every business must get a great benefit from working with another one, Mastermind Groups really do fit this bill very well.
I have been in dozens of mastermind groups and run many for my clients.
I have seen every mistake made and also seen every aspect of a marketing group that is done very well.
What I have never seen, before now, is all of this information in a Blueprint for new Mastermind Group owners to swipe and deploy, which is why I have created it for you.
Where most people go wrong when setting up a Mastermind Group
It is important to start here. I have seen so many people attempt to set up a mastermind group and fail.
Why does this happen? They have already decided that a mastermind group is a good fit for them and for their clients so they decide to take the plunge and set one up. Then they fail miserably.
Why does this happen?
In my experience of setting up my own mastermind groups and coaching other expert business owners to set up their own mastermind groups, there are three main reasons:
- They do not fully ‘commit’ to setting up the group;
- They do not have a plan to follow to help them set up their mastermind group the right way; or
- If they have a mastermind launch plan, they do not stick to it.
The commitment part is absolutely crucial. If you take the eminently sensible position that running a mastermind group is a good thing to do for your business and your clients, you have an absolute duty to commit to seeing it through. Sadly, I know that so many expert business owners give up at the first hurdle when setting up their mastermind group.
They do an initial flurry of activity, send an email or two, speak with one or two people and then when they fail to convert them they feel deflated. Usually they fail to dive sufficiently deeply into the needs of the client and how a mastermind group will meet them, so when they come to the end of the call and mention the cost, the person on the other end of the call says that it is too expensive for them. I promise you this: price is NEVER the issue. It is the failure of the mastermind launcher to connect the value to the potential group member that is the issue.
I speak from experience here. I have set up mastermind groups for my own business and for my clients’ businesses. I have a watertight system that works, if you follow it through to the end:
You MUST follow the mastermind launch process all the way through to the end….
Now when you consider that the ‘end’ is usually £5,000 to £20,000 a month in income to the person running the mastermind group, it is an end very much worthwhile working towards.
So, are you ready to set up your mastermind group?
Are you committed to running your mastermind group?
Would you like a mastermind group launch process which I have used myself and which works?
Would you like that mastermind group launch process to be yours now and without cost?
Why do I offer this free of charge?
You might ask me to coach you through the process later. You might want some help from someone who has been there and done it. You might not too – that is fine too!
Whatever you do, if you download this mastermind group blueprint, you will be in a much better place for setting up and running your group. As my business is based around helping other expert business owners to grow their business, I am fulfilling a part of my mission.