Is It Worth It to Pay $20K for a Mastermind? | Ep. #571

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Marketing, Careers, Business

4.6 • 1.4K Ratings

🗓️ 22 February 2018

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In episode #571, Eric and Neil explain why it may be worth paying to join a Mastermind group. Tune in to hear if joining a Mastermind is right for you and how you can get the most out of the membership. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: Is It Worth It to Pay $20K for a Mastermind? [00:35] There are many Masterminds out there. [01:30] In the last episode, we talked about investing in yourself and attending these events is also investing in yourself. [01:51] Neil doesn’t attend these events anymore. [02:03] He has built up a great circle over the years and doesn’t necessarily need to go to Masterminds anymore. [02:28] Eric built a custom Mastermind, where they would have dinner and talk about business. [02:39] If you want to figure out how to set up your own Mastermind, Google “Mastermind Talks” or “Mastermind Dinners”. [02:47] Eric considers his Entrepreneur’s Organization to be a Mastermind group. [03:05] Creating this group has been the best decision he’s ever made. [03:37] Neil never joined EO, even though he’s been pitched on it. However, if he was just starting out, he would join. [04:10] When picking a Mastermind, you want to be with like-minded people. [04:29] If you’re a newbie, there is nothing wrong with joining a Mastermind with more experienced people, though experienced people should not join a Mastermind with a ton of Newbies. [04:40] Look for a Mastermind with people who share your mindset. [05:07] Make sure everyone has a similar philosophy. [05:22] EO streamlines the Mastermind process and is a worldwide org. [05:51] Once you’re in a Mastermind, after a year or two, you’ve already gained most of the knowledge you will need. [06:04] Neil recommends switching up Mastermind groups so the info doesn’t become static or stale. [06:40] That’s all for today! [06:43] Go to Singlegrain.com/Giveway for a special marketing tool giveaway! 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

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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 page 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 load time. Welcome to another episode of Marketing School.
0:55.0	I'm Eric Sue, and I'm Neil Patel.
0:58.0	And today we're going to talk about if it's worth it to pay $25,000 for a mastermind.
1:03.0	So here's the thing.
1:05.0	There's many masterminds out there.
1:06.0	Like just to give you an example, there's digital marketers' war room,
1:09.0	there's Russell Brunson's funnel something.
1:13.5	I don't know what his is called but he has a mastermind digital marketer has one.
1:17.0	Joe Polish.
1:17.9	Tony Robbins has a ton of them.
1:20.0	There's a lot of them.
1:20.7	I know my buddy Austin who's staying with me right now.
	...

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