I only made $20 January 2016. That’s it. Only $20 that couldn’t even cover one bill that month. This January? I’m making 80 times more ($1600+ to be a little more exact). I’m contributing this growth to two things:
One: I niched down my services (and got more serious about my offering).
Two: The mastermind I was a part of.
Obviously, as the title suggests, this blog post is going to dig a little deeper into how my mastermind helped me grow my income and how starting one can help you, too.
In case you don’t know what a mastermind is: A mastermind is a small group (whether free or paid) you join or start with like minded individuals and/or people who are at the same stage or a few steps ahead of you in business or with their blogs (obviously they can be started in other fields as well, but this is the kind of mastermind we’re going to be talking about today).
3 Reasons Why You Need A Mastermind
1. A mastermind can help you grow your business or blog to unimaginable heights
2. A mastermind can help you feel less isolated
Let’s be honest with each other here: Being a small business owner, creative and/or blogger is isolating in a world that is still adjusting to the fact that people make money online in non-shady ways. People outside of our world just don’t really get it. Sure, they may celebrate your wins with you and show empathy about your losses, but they’ll never know what it feels like when you see
A mastermind can help lift that
3. A mastermind can open up possibilities that you had no idea were even an option
This February Rosie Morley (from Hedera House) and I are launching our new venture together, called The Plus Collaborative. TPC will be a subscription service where every month you can find a bunch of amazing themed info products contributed by awesome infopreneurs,
The same can happen for you: You could end up thinking of a completely new and exciting project to work together on with someone in your mastermind. Or, maybe they are friends someone big in your industry that they can introduce you to and
How To Start Your Own Mastermind
I’m going to start
– We are all too busy with our own businesses now and have grown apart as we have different goals now. When we started the mastermind we all had pretty much the same goals and were heading in similar directions. Now we all have a different focus. This isn’t a bad thing, though. Sometimes you just outgrow things. (And I’m still in contact with most people even now the mastermind is dead!)
– After the original
I loved the mastermind experience even though our mastermind isn’t active anymore and my business wouldn’t be what it is today if I hadn’t started that mastermind. That’s why I really recommend you start one using the steps below (and learn from our mistakes!).
The 5 Step System To Starting Your Own Mastermind
Step 1: Choose your platform
You have three options when creating a mastermind:
Option 1: A group call every week/every two weeks or every month
The downside of group calls is that you have to do it at a time everyone is available (which can get a little crazy when people on several continents and different time zones are involved). The upside is that you can see each other while talking and it’s pretty easy to hold a group call using Skype or another platform that offers conference calls.
Option 2: A platform where people can contribute to the conversation on their own schedule
This definitely makes it easier for people to talk to each other when it best works for them, but it does come with a higher chance of lurkers (people who
Option 3: Real life meeting
You could set up a local mastermind as well. That way you build up connections close by. You might actually be surprised how many small business owners,
Step 2: Set the rules
When you create your mastermind you need to think about the following:
– How much time and energy do you want to put into it? Like I said before, a mastermind takes time and energy to make it worthwhile. You need to figure out for yourself how much you want and can realistically put into yours
– How many people do you want to join? We started out with only six people, because having a small number like that meant it was easier to talk and connect. The bigger the group, the harder this gets.
– Will it be free? Ours
If you’re going with option 1 or 3:
– How many times will you come together?
– Will there be themes? Like for example prompts to be talked about during a call or just in the group on certain days.
If you’re going with option 2:
– How much involvement do you expect from others in the group? Do you want people to check in every day? Every week? Do they have to engage every time they come in or can they lurk around? These are all important questions you should think about.
– Can people promote their stuff to the group? You don’t want your group to feel too promo-y, but having everyone in the group share each others stuff can help give you all a growth spurt. Whatever you decide to do with this, make sure to communicate it well to your people so they know what to expect.
Step 3: Decide who to invite
You want people who are at the same point or only a few steps ahead of
– The same industry
– A list of the same size
– The same audience
– The same goals
– The same direction
– Something that makes them different enough from you to learn
– The same location (especially handy for real life meetings!)
– Whatever else you can think of
Step 4: Send out invites
Got a few people you think would be a fit for your mastermind group? Write your invite and send it over. In your invitation you should add the following:
– What kind of mastermind it is and why you’re starting it
– Why you think they would be a great fit (people love compliments!)
– How much involvement you expect from the people inside (Important!!!!)
– Where and when if applicable
– How many people you think will be joining
– Any costs involved if applicable
Can’t think of people to invite? When I started my mastermind I sent the invites to people I had talked to on Twitter of all places. Think about who you have engaged with on social media or via emails. Are there any people you think would want to join your group? You can also try Facebook groups. I actually started one recently with Rosie (from Hedera House). You can find that here. Not sure what to post? Just copy, paste and adjust the following message in a Facebook group you’re a part of:
I’m searching for people in [your industry/town/whatever] who would be up for starting a mastermind group together where we support each other. We [will communicate in whatever way you chose]. Interested? Let me know below and let’s see if we’re a good fit! I can’t wait to get to know you all!”
If you’re doing
Step 5: Get active
As the creator of the
A few more tips:
– Don’t take it personally if your mastermind group doesn’t work out. It happens, but just take the experience with you and try again with others.
– It’s okay to kick people out for being rude, shady or if they’re just not engaging. You don’t have to feel guilty for it, especially not if you’ve been clear about what you expected from people from the get go.
– Be careful with adding people some time after you started the group, especially if the group is active. Adding people when friendships are already forged can make it hard for new people to fit in.
So… Are you starting your own mastermind? Let us know in the comments!