How to find online Mastermind Groups
3rd April 2017
FIND A MASTMERMIND GROUP
Before you begin to look at how to find a MasterMind group to participate in, you need to work out which online group will be the best fit for you. The group you join will depend largely on your goal and what you want to achieve. You need to be clear in advance as it helps you make the right choice 1st time around.
WHY JOIN A MASTERMIND?
Here are 4 key questions to ask yourself:-
- Why do you want to join?
- What is your motivation?
- What areas do you want to improve or need help with?
- Can you commit to a group?
For example, 1 hour a week or fortnight? Is there a particular skill you want to improve on, e.g., Content Marketing or Business Blogging? Until you know your WHY for joining, then you won’t get the results you may be expecting or end up joining the wrong group – and thinking that masterminds don’t work .
WHAT WILL I GET OUT OF IT?
You will get a ton of advantages: ideas, advice, resources, and knowledge from the more experienced members of your group. You will also get a supporting place to discuss the problems and obstacles you find along the way.
However, you also need to ask yourself: what do I bring to the group? Masterminds are a two-way street and definitely not passive study or learning. They are not courses or paid education (for the most part), but an exchange between members. So you need to be able to contribute in some way. Your skill set is not quite as important as your attitude and commitment. These two attributes are of higher value than your real, specific skills.
WHERE SHOULD WE CONNECT?
Where can you find a mastermind group that is right for you? We are talking specifically about online groups in this post. There are plenty of in-person meetings and meetups and almost every niche you can think of. Below we list some examples:
- Toastmasters: Toastmasters is a mastermind group aiming to improve the public- speaking capacity of its members. During each meeting, members will take turns to make a speech, receive feedbacks from the others and try to improve for their next speech.
- Property Management Accelerator: This mastermind group is created for property managers. Their goal is to support each other and exchange information and resources so each member can achieve their business goal.
- Real Estate Investing Masterminds: For property investors that want help with advice on buying and selling real estate. Everything from finance, collaboration, tax laws and joint ventures.
- Roadrunner Virtual Mastermind: It’s a mastermind group created for financial advisors and business owners and has meetings via the telephone and on their message board. It aims to motivate the members to ditch excuses and make well-informed decisions for their business.
- Living Beyond Limits – A Mastermind Experience: Its members are women over forty who are going through a transition in life. This Mastermind group offers a safe environment to discuss insecurities, difficulties, and identity crisis that the members may have.
WHICH PLATFORM SHOULD I USE?
If you intend to run your own virtual mastermind group then you should look at several online software or webRTC platforms that can assist with this:
- Skype – Good free option with the ability to set up a group. The advantage is that you can see people logged in and message them if you need to ask a question outside of your mastermind time zone.
- Google Hangouts – Extensively used but not the most friendly platform. Picture quality is often a little poor, and Google just doesn’t seem to have put much love into this product for some time now.
- Zoom – Zoom unifies cloud video conferencing, simple online meetings, and cross-platform group chat into one easy-to-use platform.
- GoToMeeting – GoToMeeting offers interesting features such as dial-in numbers for clients (local and international), multi-language support, and go-to webinars button. You can also share desktop and documents through the platform.
- Amazon Chime – Advertised as a frustration-free web conference platform, Amazon Chime has multiple features, including audio and video-recording, in-app and private chat, and whiteboard tools. However, it doesn’t provide a cloud storage.
- RingCentral Office – One of the most preferred web conference software, RingCentral Office ticks a lot of advantage boxes. Aside from providing the basic features, it also offers social media integration, a cloud storage, and moderator-operated meetings.
- Cisco WebEx Meeting Central – This platform offers many useful features such as a phone support for tax questions and third-party recording tools. The drawback lies in the absence of social media integration and cloud storage.
The next step is to find a mastermind group that is ideal for you. Having absorbed all the information, you now have a much better idea of what a mastermind is and does, which should help you decide on the best fit for you. The 3 main options you have are:
- Start your own mastermind group by inviting a list of people you know to join. Set up the preferred meeting platform (see above) and work out the best time, day and frequency of meetings. Once done you just need to finalise a structure and agenda to follow, and then keep on top of your list to ensure that the group is attending and functioning well.
- Join an existing group that is already set up, with the advantage being that you just have to attend and not have to worry about the additional organization of the actual meeting. You can search one of our existing tribes HERE or try something like Meetup or Facebook as the two biggest alternative networks.
It’s important to remember that Masterminds are all about getting the right people into a support framework where you help and advice each other – rather than trying to figure out all your problems on your own.
We would love to hear your feedback and suggestions on Mastermind groups in the comments section below.