What It Is
A mastermind group gathers a small cohort of professionals for mutual brainstorming, accountability, and problem-solving. A premium mastermind elevates this concept by adding structured curriculum, guest experts, or exclusive resources—creating a high-value environment where members accelerate their growth through collective wisdom.
How the Monetization Works
Members invest in your mastermind through various payment structures:
- Monthly memberships ($100-$1,000+)
- Annual packages (often at a slight discount)
- Tiered access levels with escalating benefits
- Hybrid models combining group and individual support
Meetings may be virtual or in-person, with added benefits like personal coaching sessions, private community platforms, or special retreats. Members gladly pay for the carefully curated peer network, structured guidance, and transformative results that well-run masterminds deliver.
Example
Entrepreneurs' Organization (EO) operates local and global mastermind-style forums. Although it's a membership organization, the forum concept is similar to premium masterminds: curated groups meet monthly, sharing challenges and solutions in a confidential environment. Independent professionals replicate this model on a smaller scale, charging for their leadership in facilitating powerful peer support and breakthrough moments.
Practical Steps to Get Started
- Clarify Group Purpose: Define a compelling focus like scaling startups or advanced marketing strategies.
- Set Selection Criteria: Create guidelines for who qualifies to ensure productive group dynamics.
- Design the Format: Establish meeting frequency, structure, and special elements like expert guests.
- Price Based on Value: Set rates that reflect the transformative outcomes members can expect.
Key Takeaways
Premium mastermind groups monetize your expertise in guiding collective growth. By assembling the right participants, fostering deep connections, and facilitating high-impact sessions, you can command strong recurring fees while members benefit from powerful peer support and accelerated progress toward their goals.
Further Reading & Resources
- Entrepreneurs’ Organization (EO) – Peer forums for founders and executives
- Mastermind.com – Platform for launching and managing mastermind programs
- Circle – Community platform ideal for hosting premium mastermind interactions
