Three Mastermind Groups You Should Join Now

Mastermind Groups That Will Make Your Business Soar

Many have written about the power of belonging to a mastermind group. Few have written about what kind of mastermind group you should join. No one seems to be writing about joining three different mastermind groups.

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Mastermind groups consist of like-minded people. The more diverse their experience is the better. They pool their expertise to share ideas and create solutions for one another. Apart from their input we would remain so much the poorer. But there is more to it than that. You need not one Mastermind group, but three.

It took me years to learn this. It will only take your small investment of reading this short blog post. But I assure you, if you follow my advice, you can speed up your progress, both in your business and in your personal life.

Jim Rohn said that you become the average of the five people with whom you spend the most time. I would amend that statement. I believe you become the average of the people with whom you spend the most intentional time. These people are members of your mastermind group.

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Here are the three kinds of mastermind groups you should belong to. Each group offers unique benefits.

The Free Mastermind

This is a select group of peers. All members join at no cost. You already have close ties with these people. You trust them to give you sound counsel in your business and life. Mastermind groups are mutual and reciprocal, so everybody benefits.

The “free” mastermind I’m part of includes some high-level, high-profile people. Pat Flynn, Mike Stelzner, Cliff Ravenscraft, Mark Mason, and Leslie Samuel are my partners in this group.

Notice I put the word “free” in quotes. This mastermind doesn’t cost money, but it does demand a large commitment of time and effort. Believe me, it’s worth it!

The Mastermind You Pay For

This is the group that most people get hung up on. Why should you pay for something like this?

The unique benefit of this mastermind is twofold. First, you tend to reap more rewards when you have some “skin in the game.”

Second, joining a paid group is often the only way to expand your relationships and stretch your mind. If you’re the smartest person in the mastermind group, you’re in the wrong group.

The first paid mastermind I joined helped me build strategic relationships. As a result, I got to work with people like Tony Robbins, Jack Canfield, Robert Allen, and many others.

The Mastermind that Pays You

Perhaps you are in a business giving expert advice, consulting, coaching, or speaking. If so, you should form a mastermind that pays you. This allows you to help people to the greatest extent. Just like you, they tend to get more out of something when they have “skin in the game.” This group also provides you with steady revenue.

The clients with whom I have the closest relationships belong to the mastermind that pays me, the Regency Mastermind. I’m able to have a significant influence on their businesses and lives. We are like family. And by the way, I earn a handsome income from this mastermind.   

If there is one single “secret to my success,” it is the people with whom I have surrounded myself. Engaging in these three different groups is the only real “shortcut” I know of in this business. I urge you to consider this course of action.

Question: Which of these three kinds of groups do you already belong to, and which do you need to join or form? You can leave a comment by clicking here.

Please note: I reserve the right to delete comments that are offensive or off-topic.

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7 thoughts on “Three Mastermind Groups You Should Join Now

  1. Ray,
    Good thinking that has come from experience and experts. Good advice that anyone who is thinking can enjoy and benefit from. Good writing that comes from good thinking and good advice. Thank You! You did it all with this post.

    • I have tried to join a few over the years, but the problem I have found is that many members don’t feel a need to participate in discussions and taking any form of accountability.

      I believe many who join are there out of curiosity.

      The best groups are ones where there are heavy discussions and where members are held accountable for their stated goals.

      Something else a good mastermind group has is a “leader”. A master of the mastermind, if you will.

      You know, someone who can lead the discussions and perhaps even pair up accountability partnerships within the group.

      So, yes there are good ones and “not-so-goods” when it comes to masterminds.

      So far, I haven’t found one yet that has helped me personally. I’m sure they are out there.

      I’m still looking. ?

  2. Great post Ray. I’ve been masterminding for years in the first two groups. Obviously, you know part of that since it’s almost a year now that I’ve been part of your Regency Mastermind Group — a most valuable experience.

    In the very near future, I will launch the Mastermind that Pays Me.

  3. I am part of a “free” mastermind that meets every Friday morning, and I’m part of a pay mastermind led by Ellory Wells that meets every other Thursday (with lots of communication in between). At some point, I could see myself forming my own mastermind.

  4. Thanks for this post. You succinctly stated the benefits of a mastermind while removing the mystique from the term. I’m currently part of a paid mastermind group and an informal “free” group.

  5. Brendah, Mastermind groups are usually best kept small: 6-12 people. The”free” Mastermind I am in is not open to new members. Forming or joining such as Mastermind is best accomplished by reaching out to your existing network of friends and acquaintances.

  6. I am currently participating in all three, but my absolute favorite is the paid mastermind I mentor, The Como Blog Connection. Those ladies have it going on, and are so caring and encouraging as they help each other grow their businesses. It’s a joy to be a part.