Why Masterminds Fail, And What You Can Do About It

One of the key ingredients for success, whether online or offline, is being able to come together or “hang out” with like-minded people to achieve a common goal. This is often referred to as the “mastermind” by the successful.

However, I’ve had my fair share of failed masterminds, and I think I may have discovered a better way of doing it…

Inside this video, I share some reasons why masterminds can fail and what it takes to create an effective mastermind. I also share three levels a mastermind can operate at – I’ve never seen anyone teach this, so this bit may be a truly unique insight for you!

Make sure you watch the whole video because I share a recent example of a VERY successful mastermind. In fact, you can see the result of some of our work here:

Watch The Become A Blogger 2.0 Mastermind In Action!

Enjoy the video now and let me know in your comments what you think about this whole mastermind thing.

Talk soon!

Gideon Shalwick

Transcript Of Today’s Video

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About Gideon Shalwick

Gideon Shalwick is a YouTube and video marketing expert, and has figured out how to get a TON of attention using online video (with one YouTube channel reaching 10 million views!), and today, he's built a following of over 100,000 people for his business ventures, and 60,000+ people on this very blog, where he shares some of his most powerful video marketing strategies.

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42 Responses to Why Masterminds Fail, And What You Can Do About It

  1. Good points Gideon. Masterminds can so easily whittle down to just idle socializing. Which is fine, but sometimes you gotta have some drive to create change. :)

  2. Gideon, I have had the eternal version of the mastermind without really calling it that. It is very powerful. It has given me ideas I never would have come up with on my own by just imagining what certain people would have said about a certain topic. I do this by imagining I am asking these people questions and how they might answer them.

  3. This is great advice Gideon, both Masterminds I’ve been involved with have fizzled out as people all have their own goals and aims that were completely unrelated to what I was trying to do and the areas of expertise that I have. It’s hard to give back or others to give to you when visions and objectives are not aligned.

  4. TheCodingUniverse

    Thanks for this free video, Gideon! I really like how “clean” your presentations always are.

  5. SpilMedFreddy

    second!

  6. I also found out about masterminds from Think and Grow Rich and would like to start one myself so thanks for posting this video Gideon.

  7. MoreLeadership

    Gideon, interesting thoughts. Thanks for sharing.

    I really like your concept of an invisible mastermind in your head. I believe that can help to mentally break out and to think differently.

    Regarding the common goals: It helps a lot to write it down on paper. Formulating the goals together in the team and writing down forces all people involved to think clearly. Furthermore, written thoughts are more easily retained in the top-of- mind. That helps to focus.
    Best Regards Bernd

  8. TheFreeMindGuy

    Hi Gideon – my 2c on the topic is that you can break down “the common goal” into sub parts:
    1. Intention 2. Principles 3. Issues to overcome
    prior to starting work as a team.
    Should also be very clear on the identity sought, the type of relationship sought and the information to share.
    If you want more on this model you can PM me.
    Cheers
    Ant

  9. compellingtv

    Loving that studio setup …

  10. compellingtv

    Here’s how my “internal” mastermind works …

    I imagine I’ve been paralysed and I’m having to pay a clone of me to do exactly what I do every day, which quickly leads you to say “Why the hell are you wasting my money doing that” – works wonders for proritising ….

    Congrats on the launch!

  11. The most successful mastermind group I have been involved with consisted of five of us with the common goal of receiving answers, comments and tips for the running of our businesses – all different but all working on marketing and goals. We all had about 15 minutes of time and picked a leader for that day. We were accountable for what we set as our individual goals and the leader kept notes for our next get together (it was a conference call every other week). We finally broke up because of other committments, but I feel that I really benefitted from our meetings.

  12. Gideon Shalwick

    latest video on mastermind success – check it and leave a comment:

    http://gideonshalwick.com/mastermind/

    Or watch here:

  13. SmlBusinessMarketing

    Hi Gideon

    You are correct, most of the masterminds I am in have problems with getting commitment from the vast majority of members. I think I will “internal” mastermind with product launch gurus now ;-). And then see if I can “attract” a better quality mastermind participant in future.

    Would love a studio setup like yours, have the equipment, lack the space.

  14. 2pngfx

    I want to be successful just like you.

  15. [..YouTube..] I definitely think all three types are vital for a higher level of success. I’ve gotten to where I am now by myself aside from trainings and this would probably be my breakthrough hen done correctly. Thanks!

  16. I’ve never been to a mastermind event but I’m already working with 3 of the best masterminds in online marketing : Gideon, Yaro and Leslie – Become a Blogger 2.0 – that’ll do me.

  17. ThisJustZen

    Great video, Gideon!

  18. Hey Gideon, loved your video on masterminds. I really wish I could join one of the ones you are in!!!

    Anyways, never noticed the ads on your videos before, I was so surprised I had to click on it! Lol

    Take care!

    Bryan

  19. OnlineIncomeLab

    Interesting point Gideon…I just attended Yanik Silver’s Underground8 and got a large dose of Mastermind opoortunities and options to explore. Definitely good takeaway points to keep in mind. Thanks!

  20. KimJCastleberry

    Congrats on your success with the newest mastermind. Your entirely correct that many today are just thrown together and lack the common goals and mindset to make them work.

  21. reincarnage256

    nice and interesting video gideon.

    to all reader, is there anyone come from indonesia want to create a mastermind.
    i mean something like creating a killer product with videos
    i can help you

  22. presidentjohnstone

    Gideon has helped me a ton with getting more traffic to all of my YouTube Channels. I really think he sees the big picture. Not just to be “the guy with all the video views” but to be a “mastermind” with a sense of seeing the big picture and direct your online business in the right direction. I’ve also had great luck with Tube Tool Box too. It’s a great program that builds your YouTube Customers, Views, Subs, Likes, etc! Check it out: tinyurl . com / 7lbs28r

  23. Hi Gideon,

    Thanks for an insightful video, having been a member on your original launch of Become a Blogger I find content from both yourself and Yaro exceptional and very grounded. Will get to go through the new launch when I have some time.

    Mastermind groups, I agree wholeheartedly unless everyone is in the group with a common purpose, it will fail. I have been involved in a few online that start out great, then flopped.

    My personal experience is local, I met a person in the Become a Blogger forum, little realizing the wealth of knowledge and strength of leadership I had stumbled upon.

    Her Marketing Strategy and Planning course attendees join breakfast meetings every second week as a follow up to help everyone wishing to attend to move their businesses forward.

  24. Gideon it was great catching up with you in person today…matching the good guy on video with the good guy in person.
    Mastermind groups have been around the traps for a long time and many seem intent on creating revenue for the Guru rather than for the advancement of the group… but I have noticed of late that Closed groups on facebook have become successful mastermind groups if they have 2 things….A Benevolent Dictator (Leader) and Rules.

    The reason why a Gym Buddy is so necessary is because you become accountable to someone other than yourself…same applies to successful Mastermind groups. If you have no rules and consequences then you will lack accountability…most will fail because we are so good at finding excuses for our own lack of success… unless we are brave enough to be held up to the light by people we respect as Peers.

    A Group that adds value to our lives is one we find painful to disconnect.

    Thanks again…you inspired me today with your generous gift of time…donated to a total stranger ( Me )

  25. Jose Nunes
  26. JusticeWordlawIV

    This was some really good information Gideon. Thanks for sharing your thoughts on this.

  27. bigmanshrinking1

    Hey Gideon! Hope all is well bro..haven’t seen you on the tube in a minute. Hope all is going well!

  28. wmbgcoupon

    Hi, My name is Suzie. Thank You for the video. I love N.H.My husband & I have formed a mastermind alliance. I will subscribe & like your video too. I have been making weight loss videos for a year now. I have been toying around with the idea of making money using the internet. I have a job I thought I loved, until reading all of the self help success books. I have also been reading Bob Proctors stuff. I know 1st I must educate myself on computer use & editing all I can do is email & upload

  29. Christie

    Hi Gideon! Thanks for another excellent video. I would love to begin a MM group in my area and I hadn’t heard of Napoleon Hill before, I will put him on my summer reading list :-)

    I picked up Screen Flow recently and I’m eagerly learning how to use it. I was wondering, how you use Screen Flow to make text appear next to you in your videos? I understand how to make a slide (with Keynote), but how do you make just the words appear in the video?

    Thanks very much for any assistance!

    • Christie

      Heya Gid, I figured it out, so never mind about about my previous question. It’s quite simple, but that’s easy to say now that I know how to do it :-)

  30. [..YouTube..] Thanks for the rekindling of a Mastermind, I would love to elaborate a little bit on what you’ve talked about, as Napoleon Hill was first introduced to the concept of a mastermind through Andrew Carnigie, who was the Steel Giant of the early 1900’s. Andrew spoke about how to build a Mastermind by getting a group of people with different perspectives that come together to help attain specific goals. When you choose to create one keep that in mind as some people see the same others see differently

  31. Klay Elliott

    Thanks for the rekindling of a Mastermind, I would love to elaborate a little bit on what you’ve talked about, as Napoleon Hill was first introduced to the concept of a mastermind through Andrew Carnigie, who was the Steel Giant of the early 1900’s. Andrew spoke about how to build a Mastermind by getting a group of people with different perspectives that come together to help attain specific goals. When you choose to create one keep that in mind as some people see the same others see differently

  32. [..YouTube..] When looking at an internal Mastermind, Napoleon spoke about Making a board room and placing in the seats people who inspire you and who you respect. He speaks about studying these people so then when you have your internal board meetings your capable of being able to see through their perspective more easily.

  33. Klay Elliott

    When looking at an internal Mastermind, Napoleon spoke about Making a board room and placing in the seats people who inspire you and who you respect. He speaks about studying these people so then when you have your internal board meetings your capable of being able to see through their perspective more easily.

  34. [..YouTube..] Great Video by the way Gideon, I am going to be going over your older video’s to rekindle everything that you have taught about video and how to use it. I am currently putting together a Blog and am still to get over my own boundaries of putting my mug on video. Even with this I should be giving it in a video response and not typing it. Soon I will be getting in front of the camera. Keep up the good work.

  35. Klay Elliott

    Great Video by the way Gideon, I am going to be going over your older video’s to rekindle everything that you have taught about video and how to use it. I am currently putting together a Blog and am still to get over my own boundaries of putting my mug on video. Even with this I should be giving it in a video response and not typing it. Soon I will be getting in front of the camera. Keep up the good work.

  36. florianarndt

    All you online marketing guys seem to have no product at all to sell apart from the knowledge about how to sell something online…but what the heck have you actually sold as a product in your life? I don´t get it…

  37. fortressauthor

    Thank’s Gideon for another inspiring video. I read the book you mentioned a few times, and have had many ideas from it. One idea was to write my own adventure novel and market it online. Thanks for helping.

  38. wolfdaddy1974

    Thanks Gideon! Another Great Video!

  39. Thanks for the great video! We are currently working with a mastermind group and sharing great ideas so far. Let you know how it works in the long run!

  40. BigFamilyFun

    Sorry….There is an error when accessing page.

  41. dprsunlimited1

    thanks for the great videos. you have really helped me in the beginning stages of creating my channel. i believe the “invisible mastermind” you are referring to is the invisible counselors technique and it is one that can help tremendously in anything you are trying to do. it helps you tap into the infinite intelligence contained in the either to get answers to questions you have no other means of answering. I highly recommend trying it. I am also a firm believer in the master mind thanks again.