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How to Throw Your Own Mastermind | Ep. #783

Sep 22, 2018

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In episode #783, Eric and Neil discuss putting on a Mastermind group or conference. Tune in to hear how Eric put on a Mastermind weekend.

TIME-STAMPED SHOW NOTES:

[00:27] Today’s Topic: How to Throw Your Own Mastermind
[00:45] Eric through his own Mastermind.
[00:55] He has been part of an Entrepreneurs’ group for a while.
[01:00] Recently, they were in Cabo San Lucas, Mexico and it inspired him to do a four-day Mastermind group.
[01:36] It is important to surround yourself with the “right” people on a regular basis.
[01:54] Eric mandated that there be no technology during the Mastermind, so there would be no distractions.
[02:15] The 9 people that attended were friends and/or acquaintances.
[02:35] When doing a Mastermind, make sure it includes people you don’t talk to on a regular basis, so you get fresh perspectives.
[03:05] Eric has already implemented some great ideas he got from the Mastermind.
[03:45] Eric didn’t make money, but total cost was $3000 for the weekend.
[04:05] He decided that everyone would pay at cost.
[04:25] His main purpose was not to make money, but to learn.
[04:45] The things learned will last longer than the money that could have potentially been made.
[05:15] Eric is looking forward to doing it again.
[05:25] In order to get people to attend, Eric sent an email to a select group of people (he created the parameters based on the desired outcome of the Mastermind).
[05:55] He sent a simple email invitation.
[06:10] The response rate was less than 100%, because all but one invitee attended.
[06:51] Keeping it small (max 15 people) is for the best.
[07:20] That’s all for today!
[07:27] Go here to see how many downloads the show is getting. Also rate and review to help Eric and Neil meet their goal of 1 Million downloads per month. They will throw a live event once they reach their goal.