How do I make money with my mastermind group?

Brad Hart walks through how to turn a mastermind group into revenue. He breaks down a real example: 100 sales calls to hit $100,000. The core is having a solid offer, then a sales system that works, then scaling it.
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Foreign. So how do I make money with my mastermind group? Now this is the million dollar question, literally, because I've seen mastermind groups that make no money or struggle to do so. I've seen invite only. I've seen ones that you had to be invited into and they're just, you know, people who belong to a certain clique or influencer club or whatever. And then I've seen them make upwards of three, four and a half, all the way up to 10 million a year. And the difference between success and failure with monetizing masterminds is first having the right offer for the right person, but then deciding on the marketing and the sales and the systems and strategy that you'll use to get to that number, whatever that goal is. And again, you want to set goals and then have projections. So at output you can't always control, but input you can control. So I know, for example, If I want $100,000 in my business I have to book 100 sales calls. It doesn't mean I have to actually take one sales calls doesn't mean you have to all have to be qualified, but I have to book at least 100 sales calls in order to get at least $100,000 in my business. So when you have those kind of numbers you can really start to back engineer your goals and start with projections that allow you to reach those goals. And I learned that from one of my sales mentors, Cole Gordon. So really you have to nail the model before you can scale the model. We have a five step process in order to do this. It's dream it, research it, test it by selling it, nail it and then scale it. We teach our students exactly how to do these in our Build a Mastermind program. We touch on them in our book too, which you can check out at eightminutemastermind.com, and while it's not that complex when you know what you're doing and you have the right guidance, unfortunately in a short video such as this one, we can't go as deep as we'd like to in order to teach you everything you would need to to sell and market your mastermind. We have multiple levels of offers to go further faster on all these topics from our book. Like I said, 8minutemastermind.com youm can get it free plus shipping. We'll send you a digital copy while you wait. And then we have some one off courses on specific topics which you'll see after the book. You can choose to join in those or not. And then we have Our full Build a Mastermind course where you work with us for six months to build and scale your Mastermind to the six figure mark or beyond. So again, we can't put all of the monetization, monetization strategies into one video because there's a lot of nuance and there is individual hand holding and work we do to run you through this process. Again, that's dream it, research it, test it by selling it, nail it and scale it. However, we do have a training that can help you get a little bit further down the line that's completely free and that's@mastermind virtually.com that's mastermindvirtually.com youm go check that out. Grab your spots. Free for 48 hours like an episode of Netflix but a lot more impactful for you and your business. And really, I'll just leave you with this. If you can really understand what people want, if you can interview them either in person or in a group or in virtual setting, one on one, many, it doesn't matter really get down to the core logical and emotional reasons why, why they'll buy what their specific problems are and how to solve them and then bring the experts together and the Mastermind together to do that. Make it really clear and concise and perfect and well messaged and well scripted. You're going to have no trouble filling your amazing Mastermind with amazing people. So my name is Brad Har. Please do check out my book. It's at 8minutemastermind.com we'll give you more strategies along this line. And the Mastermind virtual training is free as well. So please go check that out@mindmindvirtually.com it's been great to have you here and thank you for stopping by and asking the million dollar question. All right, talk to you.
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