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How Much Does A Mastermind Group Cost/ Paid Mastermind Groups

November 23, 2020 By nickjervis

How much does a Mastermind Group cost? If you are launching a Paid Mastermind Group, how much should you charge your members to ensure that your Mastermind Group Launch is a success for them and for you?

How much you plan to charge for your Mastermind Group is determined by a number of factors. However, let’s start by looking at the one which is always interesting, how much additional income will be added to your own business’ turnover.

How To Set Up And Run A Paid Mastermind Group. Click Here Now:>>

How Different Pricing Points Of Your Mastermind Group Impact Your Income

I will base each of the following examples on a group with 6 members.

If you would like an increase of income of £3,000 per month, each member will need to pay £500 per month, which, in my view and experience, is the minimum that you should charge of a traditional ‘Round Table’ Mastermind Group.

Any less than this and you may look like an amateur.

How Much Does A Mastermind Group Cost/ Paid Mastermind Groups
Nick Jervis, author of The Mastermind Group Blueprint
However, £3,000 a month for one day and some email support in between, maybe with the odd telephone call, is not a terrible start.

If you charge £750 a month, this becomes £4,500, £1,000 obviously becomes £6,000 a month, or £72,000 per annum (more than most people’s annual salary).

The top price I have seen charged by those with a long track record of success is £2,000 per month per member which would be £12,000 per month for your group.

That is definitely something to aim for, but you will need a lot of success stories behind you to recruit members at this level, or be able to prove that you will still be able to provide a significant return on investment for your members even at an investment of £24,000 per annum.

On that point, whilst I normally am a huge fan of guaranteeing your services, I do not apply this to Mastermind Groups.

Why?

Because some members will simply not take the required action, even though they agree to do so at each session.

Therefore, it is simply impossible for you to guarantee your members’ results because you cannot guarantee that they will take action.

You might wonder why people attend a Mastermind Group but do not take action; I certainly do!

What I have realised is that some people are simply happy to pay to be part of something that is exciting, where they see people take action and achieve amazing results, and where they feel a part of a community.

It would never be enough for me, but I know from experience that it is definitely enough for some people, who each month attend, commit to do what they said the previous month, or a slightly modified or tweaked version of it, but then do nothing again.

Don’t worry, as long as you only have one of these people in your group it will not stop your other group members from achieving amazing results.

Also, I will show you how to weed out these people on the Mastermind Group Interview process, so you will ensure that you have enough ‘action takers’ to make your group a roaring success.

Now that we have covered pricing, I have a question for you:

Q. What is your price going to be for your Mastermind Group?

A. £………………………………………..

The Annual Income From Your Mastermind Group

Now that you have worked out your pricing, how much extra income will this produce for your business every year if you sell each of your slots?

Price per member £…………………..

X

Number of Members: ……………

X 12 =

£…………………….. per annum

Look at that number.

How does it make you feel?

How much easier or better would your business and personal life be with that extra income coming in?

Would it remove some stress you currently have around income?

Does it excite you?

I hope so, because it should.

There is very little in business that can change an income so dramatically for a small business than a Mastermind Group.

If the sum does excite you, the next part is crucial:

You must commit to launching your mastermind group; whatever it takes!

Free Sample Of My Mastermind Group Bluperint Training

The above is a small section of my paid training entitled ‘The Mastermind Group Blueprint, which covers everything that you need to know and do to start your own Mastermind Group successfully.

To download your complimentary sample click the button below:

Your Free Mastermind Group Blueprint Sample – Click Here:>>

Filed Under: Mastermind Groups

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  • I focus on marketing that brings clients to you when they are ready to buy your services (easy life marketing I like to call it).
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  • I have been marketing service businesses since 1991.

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“Before we started working with Nick, we had no clear idea of our paid traffic strategy.

We knew there were people looking for what we offer, but we just weren’t getting them landing on our website, and when they did, they weren’t converting in the way we wanted them to.

That’s when we enlisted Nick’s help, and it’s made a profound difference both to the number of leads coming into the business, but the quality too.

He’s helped us bring in several very high-quality leads, which will be worth many hundreds of thousands of pounds, as well as helping our website become better and more conversion-focused too.

I couldn’t recommend Nick more highly – if you’re looking for more leads and more sales, it’s a no-brainer to have a conversation.

Elliott Myatt, Play Area Hygiene Services, Kingsbridge.

“I run an HR business dealing with the nasty bits of HR (disciplinaries, grievances, terminations, etc). I have been working with Nick for 12 months now and it has really changed the quality of leads I am getting. My website is now attracting the right type of clients and brings in a lot more quality, and easy to convert, leads. Nick is clear in what the marketing priorities are to get me the results I want. Very easy to work with and cuts to the heart of the matter – no excuses!”

Carolyne Wahlen, GAP HR Services, Goring

“After working with Nick on our Google My Business strategy we are now ranking in the “Google 3 pack” and generating leads purely from our ranking!Nick also carried out a fee review resulting in a fee increase of 40% and no detrimental effect to volume. Double whammy with increased leads and increased income. Well worth taking the time to talk to Nick and definitely worth working with him going forward, it’s a no brainer!”

David Aggiss, Three Sixty Mortgages, Plymouth.

“Nick’s advice and guidance has been excellent. He cuts through all the noise and brings clarity. His focus is on what is effective and what will achieve the objective. He knows what works and what doesn’t and shows you the best way to approach a strategy.

One particular aspect of marketing was hard to get my head around but Nick made everything so clear and easy to understand. When you speak to him you will see, he knows his stuff!

Thanks Nick.”

Shan Phoenix, Geneva Wealth, Harpenden

Before meeting Nick, I was wasting money with Google, I had a high price per click and a trickle of leads. Now, having worked with Nick for 3 months my Google business page is optimised, my price per click is greatly reduced, customers are finding me and quality leads are flowing! Which means, my Google Ads spend is now profitable with a 3:1 return!

That is why I would strongly recommend working with Nick if you want consistent leads and a greater return on your investment – thanks Nick”.

Richard Linden, The Rent Guarantee Company, Harlow.

“Through Nick’s advice and on going encouragement I have almost doubled my client base and am now looking to take on members of staff to deal with the increase in demand for my services. My success has been in no small way facilitated by my business coaching with Nick. I would, and I do, recommend him to anyone who wants to grow their business.”

Ben Winter, Bristol Wellness Personal Training, Bristol.

“I’m new to google Ads, Nick is managing my ad campaigns and doing a great job, I’m receiving a steady flow of leads with a low cost per click meaning my marketing is paying for itself. Would recommend.”

Wendy Clarke

“Nick’s professional advice, expert knowledge and constant encouragement have proved invaluable this past year. He has helped my business from the outset, offering me support and guidance every step of the way. His services come highly recommended.”

Charlotte Laken – Copywriter

“Nick is an excellent marketing consultant. His knowledge of Google PPC is unparalled. Well worth a chat.Every time I use him my results improve and I make money. Do the sensible thing and pick up the phone to him as you won’t regret it.”

Phil O’Connor, Whitewell Financial Planning, Bolton.

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