How to Add an Almost Instant Five Figures to Your Business While Changing Lives .
I’m going to assume you’re an online marketer you’ve probably got a sales funnel or you’re building one. If it’s like most sales funnels, you’ve got in expensive products on the frontand and hopefully more expensive products on the backend.
Here’s my question about yourself funnel-do you have a flagship product? Something for which you charge serious money?something that really, truly CHANGES people’s lives for the better? and if not, then why not?
I’ve mentioned before that if you don’t have a big, expensive flagship product, then you can create one in a day by offering coaching some people who are new to coaching like to charge $ 200-$ 300 a month. More experienced people who are confident they can get their clients results are able to charge 10 times this amount and more.
Coaching is awesome for getting people results, and if it’s right for you, then I suggest you do as much coaching as makes you happy and prosperous. But the fact is coaching isn’t for everyone. You might not feel comfortable coaching, or you might not want to spend the time working with pupil one-on-one . Or you might want something different then coaching, something that has the potential to dramatically change the lives of a group of people while taking pressure off of yourself to perform.
For you, I’d like to suggest starting one or more mastermind groups. Masterminds can take less of your time then coaching, require less exparties then coaching and can potentially earn you as much or even MORE than coaching.
What is a mastermind group?
Loosely speaking, a mastermind is a select group of people who meet regularly in person or through video conferences to share ideas help each other overcome challenges, keep each other accountable and achieve their goals.
Napoleon Hill coined the term “Master Mind” and defined it as..…. A coordination of knowledge and effort in perfect harmony, between two or more people for the attainment of a definite purpose.”
Hill survyed hundreds of the most successful people in the world and found that may many of these people attributed their successes to being in such a group. The most notable of these people was Andrew Carnigue, who attributed his entire fortune and success to his mastermind group.
Mastermind groups aren’t just for the reach and famous, either Almost any group of people with a common interest or niche can benefit from a mastermind group. Here are three examples, but really the possibilities are nearly endless.
Children-there are could be masterminds for new parents, parents of children of a certain age, parents of children with particular challenges, new empty nesters end so fourth.
Online marketers-this is a huge area including new marketers, seasoned marketers, marketers in every possible niche as well as specialities such as social media marketing.
professionals at any stage of their career- for example think of law students, brand new lawyers and seasoned lawyers in every area of law and you’ve got a hundred possibilities for mastermind groups in single profession.
What’s So Great About a Mastermind Group?
if your personality, knowledge and success is the average of the five people you associate with most, it just makes sense that people in a mastermind group will enjoy more success and do it faster than those who are going it alone.
I’m remainded of a certain Irish marketer who participates in a $100,000 a year mastermind Group He is found to telling the story of how one Idea he got from this group yileaded him a multiple 7 figure income and no doubt you’ve hard stories, too, of how mastermind groups have been the catalyst that propelled interpreneurs from nothing to ultra- successful, sometimes even selling their businesses and rating after just a few years.
The chronicles of Narnia and The Lord of the rings luckily never would have been written if not for an English mastermind Group of writers and poets that included CS lewis, JRR Tolkien, Charles Williams and on Barfield.
President Theodore Roosevelt felt out of his depth when he entered office at the age of 42 the youngest age ever for an American President.He needed help working with much older and more experienced politicians so he created a mastermind group for guidance support and help.
No doubt you’ve hard of Henry ford, Thomas Edison, President Warren G, Harding and Harbe Firestone, but did you know they where all in the same mastermind group and called themselves the Vagabonds?”
It’s truly amazing hot can be accomplished when you’re in a mastermind group.
What Are the Benefits of a Mastermind Group?
That’s going to depend on the particular group, but in general….
1: support
Members have a group of people who help them to succeed how valuable is it to have a group of like minded people cheering you know and giving you ideas to become successful? It’s no understatement
to say that a mastermind often makes the difference between success and failure.
2: Resources and Connections.
If a group has 10 members, and if each member has 20 powerfull knowledgeable or influential contacts, then each member of the group now has potentially 200 contacts to help their business grow.if you weren’t born into a family with vast resources and contacts, a mastermind group might be the next best thing.
3: Ideas.
They say two heads ate better than one and ten are better than two. A mastermind group can give you new ideas, different perspectives and crucial feedback and you don’t even have to be in identical businesses.for example, what’s working for all marketer in a particular niech can often be applied to many other nieches as well.
4: accountability.
A mastermind group keeps its members inspired and accountable to achieve their goals. There’s nothing like knowing your fellow members except you to implement what you decided upon in the last session and report back your results in next session to keep you moving forward.
5: Shortcuts.
Mastermind members possess skills and ideas that took years to develop, yet they can share them with you in minutes.
6: Partnerships.
you may find other members in your group with complementary businesses with which to partner on a single venture or even and ongoing basis.
How much do people pay to be in mastermind groups?
While there are no hard and first rules on the low end $ 500 a year to be in amastermind group of beginners or non business pupil is some hot common on the high and I know of to mastermind groups of online marketers us that each charge$100,000 a year. This are wrong by invention only and while the intenrence fee since high members report the entrance fee pays for itself many times over.
It wouldn’t surprise me a bit if there are a handful of mastermind groups that charge a million dollars a year ans whose members are all billionaires or aspiring billionaires.
How much you charge will depend on a variety of tractors, including what kind of group it is and how much expertise your members bring to the table.And keep in mind,other is nothing stopping you from starting as many mastermind groups as you can comfortably handle.
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