#41: Building Your Mastermind

Happy Monday EduCreator!

When I first joined X in August, and I only had about 38 followers, I immediately started working with a coach. I realized I was in totally new territory and I needed to quickly learn otherwise I was going to drown. I had just left Clubhouse after building over there for a couple years. X (formerly Twitter) was a different world for me. A much bigger world with more opportunity, but it’s own rules to the game that I had to learn asap.

I built a full business as a content creator on Clubhouse. I never imagined they would change the very core of their mission and technology, leaving creators without the proper tools to grow an audience. My live rooms went from 150-200 people to 10 if I was lucky and it was all because they changed discoverability. I had to find a whole new platform to build on (I didn’t have an active email list at the time), which was like being laid off from a job and needing to find a new one. Except the pay with the new one isn’t guaranteed.

To have 23 people sign up for our EduCreator Mastermind is confirmation that everything I’ve been learning and implementing is working. This is only the beginning. The value will only continue to go up from here and it will do so exponentially. That’s the magic of the “3rd Brain” that’s being created, as Waleed reminded us.

Napoleon Hill coined the term Mastermind in his very important book “Think and Grow Rich.”

Have a great day!

Christel, Founding Principal OCC Metaversity

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Table of Contents

• Community Updates

• Today’s EduCreator LIVE REPLAY

  • Monday Theme: Community Design

  • Mini-Lesson: How to build a high-value Mastermind

• Upcoming Events

• Start Monetizing with our Referral Program

• Wall of Love

Community Updates

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Today’s EduCreator LIVE 🎙️ REPLAY

Monday Theme: Community Design

Mini-Lesson: How to build a high-value Mastermind

To begin, make sure you are focused on growing an email list and getting a clear sense of your “Big Purpose.” This will be the foundation and core of your mastermind group. Once you have the foundation laid, consider following these steps and resources to build your high-value mastermind.

To build a high-value mastermind group, you should follow these key steps based on the search results:

1. Set Standards for Membership: 

Establish criteria for joining your mastermind to ensure alignment among members who contribute value to each other.

2. Attract New Members through Referrals:

Referrals are a valuable way to attract like-minded clients to your mastermind group. Ask friends, colleagues, and peers for recommendations.

3. Establish Ground Rules: 

Immediately set clear ground rules for the group regarding meeting frequency, duration, member limits, new member criteria, and evaluation processes.

4. Create a Clear Meeting Agenda:

Develop a structured meeting agenda that includes updates on goals, problem-solving sessions, and open forums for discussion to keep sessions focused and productive.

5. Designate a Group Leader: 

Appoint a leader responsible for keeping sessions on track, scheduling meetings, setting agendas, and managing logistics to ensure smooth operation of the mastermind group.

6. Encourage Even Sharing:

Foster an environment where all members share equally to maximize the benefits of the mastermind group and keep members engaged.

7. Determine Group Size and Purpose: 

Decide on the ideal number of participants and establish a clear intention and goal for the mastermind group to guide its activities effectively.

8. Select the Right Participants:

Invite individuals with shared interests and at similar growth stages to ensure productive discussions and mutual support within the group.

9. Price Your Mastermind Ethically: 

Consider pricing your mastermind based on the value provided rather than following trends. Set prices that align with the services offered and feel ethical to you as an entrepreneur.

10. Prepare a Contract: 

Present a written contract outlining group rules, expectations, and pricing to ensure all members understand and agree to the terms clearly.

By following these steps, you can create a structured and valuable mastermind group that fosters collaboration, growth, and support among its members.

Citations:

[1] https://www.linkedin.com/pulse/how-create-high-ticket-mastermind-group-people-cant-wait-benson

[2] https://www.mightynetworks.com/resources/how-to-start-a-mastermind-group

[3] https://www.score.org/resource/blog-post/5-essential-rules-building-a-mastermind-group-gets-results

[4] https://www.forbes.com/sites/sarahkathleenpeck/2018/07/17/9-things-to-know-before-you-start-your-own-mastermind/?sh=6f467c857da7

[5] https://www.coachesandcompany.com/how-to-start-a-mastermind-group-for-entrepreneurs-in-5-easy-steps/

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