How to Throw Your Own Mastermind | Ep. #783

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.6 • 1.4K Ratings

🗓️ 22 September 2018

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #783, Eric and Neil discuss putting on a Mastermind group or conference. Tune in to hear how Eric put on a Mastermind weekend. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How to Throw Your Own Mastermind [00:45] Eric through his own Mastermind. [00:55] He has been part of an Entrepreneurs’ group for a while. [01:00] Recently, they were in Cabo San Lucas, Mexico and it inspired him to do a four-day Mastermind group. [01:36] It is important to surround yourself with the “right” people on a regular basis. [01:54] Eric mandated that there be no technology during the Mastermind, so there would be no distractions. [02:15] The 9 people that attended were friends and/or acquaintances. [02:35] When doing a Mastermind, make sure it includes people you don’t talk to on a regular basis, so you get fresh perspectives. [03:05] Eric has already implemented some great ideas he got from the Mastermind. [03:45] Eric didn’t make money, but total cost was $3000 for the weekend. [04:05] He decided that everyone would pay at cost. [04:25] His main purpose was not to make money, but to learn. [04:45] The things learned will last longer than the money that could have potentially been made. [05:15] Eric is looking forward to doing it again. [05:25] In order to get people to attend, Eric sent an email to a select group of people (he created the parameters based on the desired outcome of the Mastermind). [05:55] He sent a simple email invitation. [06:10] The response rate was less than 100%, because all but one invitee attended. [06:51] Keeping it small (max 15 people) is for the best. [07:20] That’s all for today! [07:27] Go here to see how many downloads the show is getting. Also rate and review to help Eric and Neil meet their goal of 1 Million downloads per month. They will throw a live event once they reach their goal. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Get ready for your daily dose of marketing strategies and tactics from
0:06.8	entrepreneurs with the guile and experience to help you find success in any
0:11.4	marketing capacity. You're listening to marketing school
0:14.5	with your instructors Neil Patel and Eric Sue.
0:19.4	All right guys before we start we got a special message from our sponsor.
0:27.0	If you want to rank higher on Google, you got to look at your paid speed time.
0:31.5	The faster your website loads, the better off you are. With
0:34.4	Google's core vital update, that makes it super, super important to optimize your
0:38.5	site for low time. And one easy way to do it is use the host that Eric and I use dream
0:44.5	host so just go to dream host or Google it find it check it out and it's a
0:49.3	great way to improve your low time. Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue, and I'm Neil Patel.
0:57.0	And today we're going to talk about how to throw your own mastermind.
1:01.0	So Eric, you recently threw a mastermind. So Eric you recently threw a mastermind. Funny enough you asked me to
1:06.6	attend and I said no. Why did you throw the mastermind? Yeah so I've been in this group called entrepreneurs organization for about five years and every year we have a retreat which I kind of see as a mastermind.
1:18.1	It's the same, you know, 10 people, people come, people go, but there's a lot of value because sometimes
1:21.9	we'll fly in subject matter experts and we get to go to amazing places where you get just you have amazing experiences while having amazing learnings at the same time. So we did one in Cabo in April with my EO group and I'm like man
1:32.9	Cabo is like the perfect spot to do these things so I selected a group of people
1:36.7	you included and then we got them together and you know as of last week we did it
1:41.1	it was amazing went from Thursday to Sunday so why why do people
1:46.4	need a 10 masterminds or throw them right because like I'm a big believer and this is
1:51.1	just me I personally think yes they provide value but if you can
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Eric Siu and Neil Patel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Eric Siu and Neil Patel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.