The Step-By-Step Guide to Starting a Highly Profitable Mastermind from Scratch ($101k in 24 hours)
I made $101k in 24 hours when I launched my mini-mastermind on Skool. Just over a year later, I've collected $1,056,000 & counting. Margins are 73% while I'm sipping pina coladas in Bora Bora... Just kidding, I don't drink, but the margins are still 73% without me having to spend more than a few hours per week in Skool, and it does allow me massive time freedom while seeing student results flood in like Noah's Ark on Niagara Falls. The goal of this post is to show you some simple shifts that you can implement right now, based on where you are in your journey, to help you have similar success. Let's start with where I was before the launch (April 2022): I'm Troy Ericson. I have an email marketing agency called Email Paramedic. We are widely considered the best Email List Management & Email Deliverability agency, period. This is my bread & butter that makes most of my money. HOWEVER, that's a totally different market. They want done-for-you, not coaching. At the time, I'd generated over $50MM for my done-for-you clients, and had worked with big names like Traffic & Funnels, V-Shred, Rich Schefren, RAZE Energy, Joel Erway, Zipify, SmartMarketer, 10X Advisor Network, David Meltzer, Stefan Georgi, Jason Capital, Joel Marion, SamCart, etc, etc etc... But it didn't matter. I was only making $50-100 per coaching student per month, and spending at least an hour per day inside of it. And this freaking BOTHERED me because I wanted to teach others like my mentors had taught me... But without burning myself out for pennies. Why do I tell you this? Because most of you think that you need to 'wait a few years' to have massive success & huge credentials before you start coaching anyone. That's not true. And it's something that you're telling yourself in order to procrastinate (I say that in the most helpful way possible). Of course, I'm no fan of inexperienced coaches who coach coaches on how to coach coaches... But the truth is, if you're 1-2 steps ahead of your audience, you NEED TO START COACHING SOMEONE NOW. Even if it's just 1 person.