How To Fill, Sell, Operate And Retain A Successful Mastermind Group.
Hi Iβm Oli π I run several paid Communities on Skool that make around $800k /month collectively. Today, Iβm sharing with you how to fill, sell, operate and retain a successful Mastermind Group. In this post Iβll be covering: - How to fill a Mastermind Community - Captaining your group and managing Mastermind Operations - Protecting your recurring revenue with a Retention Playbook To illustrate Iβll be spotlighting one of my Communities called NextLevel Scaleβ’. Quick context about this particular Mastermind and Meβ¦ I started this Community about 5 years ago back in 2018. Primarily to help other info Business Owners who are scaling to 7 and and 8 figures with their own Masterminds, Group Coaching Programs, Memberships and Online Courses. The investment has risen each year, but currently stands at $48k for 12-months Membership. Right now we have 50 active members which contributes to around $2.4 million in annual recurring revenue. My role is to lead and facilitate the group with a Team that comprises of one full time Coach and a part time assistant. But I didnβt start here. My journey goes back over the past 20 years of being in the info business. Since then Iβve ran virtually every kind of model you can imagine: Full Format Franchising, Online Memberships, Area Exclusive Licensing, Online Courses + Digital Products, In-person training centre, Group Coaching Programs, a National Association, Home study courses, Marketing Agency, Publishing Partners, Live Events, Equity based Consulting, Retreats, Private Consulting, Certification programs, Printed Monthly Newsletter Subscriptionsβ¦ β¦and obviously Masterminds Groups. The high ticket Mastermind Community model is hard to beat. Itβs almost like βalchemyβ, and the timing to grow your own Community like mine is especially fortuitous right now. My goal here is to summarize the lessons I've learned, share what has worked, and what to avoid. Fair warning: this post will likely be long, so be sure to bookmark it now in your browser to refer back to later.