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:
Enjoy the video now and let me know in your comments what you think about this whole mastermind thing.
Transcript Of Today’s Video
The key insight that I had was about “masterminds“. How to use them and set them up in the right way. Many masterminds that have been set up in the past have amounted to nothing.
Before I continue with this, just to quickly define what a mastermind is, in case you haven’t come across this.
The first time I came across the idea of a mastermind was through Napoleon Hill in his “Think And Grow Rich” book. Since then I’ve studied some more of his material and also read his “Law Of Success” Series – amazing book series!
Anyway, inside these books he talks about the mastermind as “two or more minds coming together in a spirit of harmony for a common goal“. Those are the requirements for mastermind.
That got me thinking. Because I’ve been to so many mastermind groups that just wouldn’t work out. It could be very frustrating because you get together with some cool people and then after a couple of months, it just dies out.
So the question I had was: Why weren’t these things working?
I think the number one reason why these masterminds didn’t work was because they lacked that one thing of having a common goal in mind.
That got me thinking… Okay, well what does it take to have an effective mastermind then?
Then I thought, well perhaps, the mastermind that Napoleon Hill was talking about is the kind of mastermind you have within your own team; building your own team of a mastermind within your own business so that you can have that common goal. The common goal of making your business successful. The common goal of creating a really cool project within your business.
I thought that was it; that was all you needed to be able to have an effective mastermind and to be successful. But there’s more to it than that because recently I had a chat to one of my entrepreneur friends, Michael Maidens.
Michael told me another interesting thing about masterminds that I haven’t really considered. That is that you do need a mastermind group outside of your own internal mastermind group.
Let me re-define this. So now we have internal mastermind – that’s your own team within your business. Then you also need an external mastermind.
What Michael was talking about was that you still need these external mastermind meetings. People from external/outside of your business to be able to help you achieve your goals. This can be people like business mentors, people that are interested in your success — whoever can help you form this mastermind to help you in your quest for success.
That was a really nice key insight. But the key with that was that it was for a common purpose. So the success of this external mastermind group would have to be tied in with having a common purpose; and of course, everything in the spirit of harmony.
But then there’s the third level of mastermind that I’ve just recently discovered or recently been thinking about more. And that is what I am just labeling as “invisible” mastermind. This is the stuff that happens inside of your head. These are things like goals. These are things like reading books from great minds from the past and using that information to form your own invisible mastermind within your head.
Napoleon Hill also talks about in his Think And Grow Rich book, in the last chapter, how he has set up this invisible group of men (perhaps women as well) in his mastermind group where he would have “conversations” with them just inside his head. He said that was one of the most helpful things he’s done. He just imagined these really amazing people to be part of his mastermind group.
I think those are all really good examples of masterminds; but I guess a really good recent example of this mastermind thing of many different levels is one that I’ve just been involved with, actually for the last four years, but even more so in the last couple of months.
Recently, we’ve just relaunched our Become A Blogger product. We launched that the first time about three or four years ago. Very, very successful! We’ve got a following of about 40,000 people. Now, I think there’s been over 3,000 that have joined us in the Become A Blogger Premium Program.
But that all started with me and Yaro Starak. We formed our little mastermind. That was our internal mastermind. Each one of us still had our external masterminds as well where we hooked up with people who were in similar industry and gave us ideas about how we could set this thing up successfully.
Just recently, we teamed up with yet another person in our internal mastermind, Leslie Samuel. So now there are three of us who were masterminding together on this latest launch of Become A Blogger. We just opened doors to it end of last week.
Once again, it’s just taken off like crazy! We’ve only kept this particular launch internal so we haven’t invited affiliates yet, but already were seeing signs that this internal launch is more successful than our original launch where we invited affiliate partners as well.
This just blows my mind. It’s not more successful yet; we don’t know yet, we’re in the middle of it. But it’s certainly showing the signs of great success which is really cool.
I think the key thing there is that there were three of us in a spirit of harmony working towards a common goal. Those two things — (1) working in a spirit of harmony (2) towards a common goal — are just incredibly important. Without that, you can’t have any kind of success.
What I’d like for you to do is to think about what kind of masterminds are you currently involved in? Are you currently involved in one of these kinds of masterminds where you just get together once a week and there’s no real common purpose among the people within that group?
That’s one of the key things. If you don’t have that common purpose and it’s not in the spirit of harmony, get rid of it. It’s just a waste of time. Then work towards creating your own mastermind groups whether it’s external, with your own mentors to help you towards that common goal; or build your internal mastermind group which is you and your team within your business.
And think about your invisible mastermind as well, where you can maybe consult with these “invisible” mentors just inside your head, sort of like another way of looking at it. Perhaps some people might think it’s a little bit strange. I haven’t tried it all that much. But Napoleon Hill swore by it, of course.
Think about that in its different levels. I haven’t seen anyone talk about it in these three different levels; in terms of creating different levels of mastermind groups to help you succeed in your quest for success.
What do you think about this whole mastermind thing? Have you got any thoughts about it? Have you got any successes?
I’d love to hear from you so make sure you leave your comment below this video. Do “like” this video. Subscribe to my channel; I’d love to have you as one of my subscribers and interacting with you on my channel.
Oh yes, before I forget. If you want to see the kind of success that we’ve been having with this Become A Blogger project, there’ll be a link either below this video in the description area, or on the post with this video on my blog.
Go, check it out. See what me, Yaro and Leslie came up with because of working together in this harmonious and well-focused mastermind. The stuff we’ve come up with this is better than anything we’ve ever done on our own before. It’s one of our best works.
Go and check it out. There’ll be a link either below this video in the description area, or somewhere on this page. Please check it out and see what we’ve come up with. There’s some good stuff in there.
That’s it from me for now. Make sure you subscribe and like this video . I’ll see you inside my next video.