A mastermind group is mandatory to achieve online success.
I wholeheartedly believe this statement because I would not be where I’m at today if it weren’t for the mastermind groups that I’ve been a part of since I began doing business online.
Sure, you can make progress without one, but in order to quickly get to that next level in your business, where things can really begin to accelerate, you need to join a mastermind group.
If you’re serious about wanting to achieve high levels of success, you need to join a mastermind group.
What is a Mastermind Group?
For those of you who don’t know, a mastermind group is just a fancy term for a group of people with a common goal that meet (in person, on the phone, via Skype, chatrooms, meeting software, etc.) to share and learn to improve what they do. Think of it as a show and tell (and ask) for highly motivated individuals who want to get things done.
In these meetings, members of the group share their ideas, questions, triumphs and downfalls. Members with questions get immediate feedback from the others, while everyone learns from everyone else’s experience and wisdom.
Most mastermind group meetings are held in a very formal matter (as outlined below) probably because it’s the most effective structure for the sharing and learning process:
- Beginning: Each person, one-by-one, talks briefly about their goals from the previous meeting.
- Middle: A predetermined person in the “hot seat” shares, in detail, any number of issues, complications, questions and concerns about his or her own situation. The rest of the members then respond and contribute to the discussion by offering suggestions or comments based on their expert knowledge and/or experience.
- End: Each person, one-by-one, talks briefly about the goals that they want to accomplish by the next meeting. Also, the next “hot seat” person is determined so he or she can be ready with questions for the group.
Depending on the mastermind group, the structure may be a little different, however the general idea is the same.
What’s really nice about this format is that because it is so formal, everyone gets to participate and learn from everyone else. I’ve been in non-formal business meetings before, and there’s always a few people who never speak up and don’t get anything out of it. I was one of those people.
The One Benefit We Can All Use
The primary benefits from participating in mastermind groups should be obvious:
- You can get any questions you have about what you’re doing answered, or at least talk through how to solve any problems you may be encountering.
- You can get a lot of new ideas that you may have never thought of to improve what you’re doing.
- You get a second (or third, fourth, fifth, etc.) opinion about any decisions you make with your business. While doing business online, we often experience “tunnel vision”, where we think something is good because we’re so involved in it. But, we sometimes fail to step back and see how things really are, or that it should be approached in a different manner. Your mastermind group can help you step back and see what’s best for you.
Besides those three benefits, there is one extremely important benefit that is rarely mentioned about mastermind groups, and that is accountability.
When you talk to others about what you want to do or what your goals are, you are far more likely to achieve them. Just imagine sharing your goals with a group each week and how much more you would want to accomplish because of it. Maybe it’s because we don’t want to let others in the group down. Or, maybe it’s because we don’t want to seem lazy in front of them. It could even be a subconscious thing. Whatever it is, talking to others about what you want to do will help you achieve success.
How to Find a Mastermind Group
Below is a list of several different ways to find a mastermind group:
- Start One Of Your Own: Surely you know others with common interests who also love to improve their businesses or blogs too. Why not get a few of them together on a weekly or monthly basis, and start your own mastermind group?
- Ask Other People: Many people are a part of, or have been a part of mastermind groups that may be looking for new members. It never hurts to ask someone in your niche if they know of any that you could participate in. You might be surprised.
- Meetup.com: Meetup.com is a fantastic site that connect like-minded people with a number of different interests, from scrapbooking to online business and blogging. You can easily search for groups that are already meeting in your area and when the next meeting is scheduled that you can attend. Some of the internet business meetup meetings I’ve been to have been a great learning experience (not to mention great for networking), while other meetings I’ve been to have been just okay.
- Craigslist: Craigslist may have a number of people with similar goals as yours that you might be able to easily connect with.
- Internet Business Mastery: I have to credit Sterling and Jay from Internet Business Mastery here because in their Academy [Full Disclosure: As an affiliate, I receive compensation if you purchase through this link.], they have a section in their forum that is dedicated just for hooking people up locally for the specific goal of starting a mastermind group. I’ve met with people in San Diego from the Academy and have built long lasting business and personal relationships with these people which have directly helped my businesses. Crazy stuff.
All mastermind groups are different, and it make take a few trials in different groups to find the one that works for you. Good luck with your search, and I hope you find them as useful as I have.
If you have ever been a part of a mastermind group, please share your experience and whether or not you feel they are valuable. Also, do you have any tips to help others who may be looking to join a mastermind group find one?