Quick Intro I'm Susan Epstein, and I live in New London, CT with my husband, Michael. I'm also a multi-six figure Parenting Coach but I've recently transitioned to running masterminds because you can serve more people and earn more money with this model. I'm excited to show you how in this report!
The fastest way create your masterminds is to belong to one. For the past 10 years I've been a member of multiple virtual and live mastermind groups. I've learned how to create, structure and fill these specialized groups quickly and easily. Virtual Masterminds are the best way to attract fun to work with, motivated clients who are willing to pay for this high level experience to attain the results they are seeking. These Virtual Mastermind Groups provide people with similar challenges a supportive way to solve problems and overcome these hurdles through teaching, coaching & leveraging the wisdom of the members.
Mastermind Groups, when successful will produce large amounts of cash flow into your business and leverage your time. One of my "Powerful Expert Mastermind" clients followed these 5 steps that I am sharing with you now. She launched her virtual Mastermind with 10 members in 2 weeks and made $35k. So let's jump into the 5 Steps to Create & Fill Your First Mastermind in 2 Weeks or Less...
Step 1 Create Your Mastermind Answer these questions: 1. Who do you serve? 2. What do they have in common? 3. What are their dreams and desires, pains & frustrations? 4. Are you working with more than 5 people with a specific challenge/goal/dream? 5. List 5 people you know that you'd like to invite:
Step 2 Get the Word Out Invite People to Join You (It's not hard.) Reach out via... *fb private message *LinkedIn *Text Message *Call them *In person at a networking event "I'm creating a Mastermind and it's for. I'd love you to be a part of it. Do you have few minutes to chat?" Now find 5 more people. Repeat and rinse until you have 10 yeses.
Email Your List... no matter how small Tell them what your are up to. Get them excited about your new Mastermind. Include... I'm only accepting x amount of people. Answer these 5 questions and hit reply. Include your phone# and time zone & I'll call you to share the details and see if this is a fit for you. There is special pricing for the first 5 people who sign up. (Have you noticed that you are actually TALKING to your prospects?)
Step 3 Price Your Mastermind Ex) 12 payments of $199 or full pay of $1997 Merchant Account Paypal Square Take the info once. Enter it into your system. Done. While you are talking to them.
Step 4 Package Your Mastermind Format Year Long Program (recommended) *2 90 minute sessions per month -Zoom or -Google Hangouts * Record and send replays *Include: Private FB Group for Community, Q & A and File Storage * Future Live VIP Get Together
Step 5 Open Enrollment Continue to fill your mastermind to the point where it is still valuable and you are providing what you said you would provide. You'll never have to create this mastermind again and you'll have a down-sell from enrollment conversations for your VIP Individual Coaching Program & you'll never leave any money on the table again. Want more members in your first Mastermind? 1. Free Pass to Your Individual Clients. 2. Offer a buddy pass for the early bird. 3. If you decide to promote off a webinar give away a free pass
Got too many members in your first Mastermind? 1. Simply offer a 3rd session a month and tell members to pick two of the three sessions to attend. 2. Use the honor system but reprimand individual members if there is abuse (unlikely). 3. Continue to add sessions as your group grows- this keeps group size small and your mastermind scalable. 4. If you want to cap your Mastermind...start a waiting list.
Thanks for reading this report. I hope it's inspired you to create your own 6-figure Mastermind. Remember, the fastest way to get started is to join a successful Mastermind and I'd love to invite you to apply to my "Powerful Experts Mastermind". Simply, click here to pm me on FB and we'll chat.