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Podcast (10k-podcast): Play in new window | Download (Duration: 23:26 — 21.4MB)
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What are your relationship objectives?
The first step to figuring out whether or not joining a high-priced eCommerce mastermind is right for you is to figure out your relationship objectives.
First, it’s important to understand that mastermind relationships are a two-way street. You can’t just expect people in the group to take care of everything and give you all the support you need; they expect the same in return. If your goal is just to have other people help with marketing, strategy and other tasks related to running an online business—then this may not be right for you (at least at first).
But if your objective is more about finding true peers who have similar goals and challenges as yourself—you might find it worthwhile after all!
A lot of work goes into building good relationships with other entrepreneurs who are going through similar things as yourself—but it’s worth every minute spent on getting there!
Join a mastermind and surround yourself with like-minded people.
One of the main benefits of joining a mastermind group is that you’ll be able to surround yourself with like-minded individuals who support each other. These are people who are committed to your success, and they will help you achieve your goals by providing feedback, ideas, solutions, and more.
Membership in an online community can also give you access to resources that might not be available elsewhere. For example:
- A forum where people can answer questions about how they’ve handled specific problems or situations related to ecommerce business growth tactics
- A rolodex of experts like freight specialists, accountants and CPAs who understand ecommerce, Intellectual property lawyers etc.
- A forum to meet and have hot-seat sessions (and really drill down on problems in your personal business)
Do you have time to commit fully?
If you’re not going to be present and commit fully, then it may not be worth your time.
A mastermind is a group of like-minded people who meet regularly to support each other in achieving their goals. Most of the members are running online businesses and rely on their mastermind for support as they grow their revenue.
If you have a full-time job in addition to your business, heavy family commitments or other business commitments that take up most of your time, you might find it hard to commit fully to this kind of group. That can be especially if you don’t live near the others and they have a strong in-person component. Or if you can’t meet frequently enough for online group sessions. You may also struggle with prioritizing your family and friends over an ecommerce mastermind group (and vice versa).
If you’re in the right situation and can commit fully to an online ecommerce mastermind group, then this can be a great tool for growing your business. And if it’s not, then there are other ways to get support and advice.
Are the other members in my mastermind the right ones? Do they have enough experience to help me?
One of the most important things to consider when joining an ecommerce mastermind is whether or not the other people in your group are a good fit for you. You need to find a group that will grow your business and that isn’t too large or small for you.
The right size for a group can vary depending on what kind of help you want, but it usually falls between 5-15 members. If there are too many people in the room, it may feel over crowded and difficult to get your questions answered during Q&A sessions at meetings (or if there aren’t enough people in attendance).
The right mix of mentors and coaches is also important because they will each play different roles within the group, so finding someone who is good at teaching online courses versus mentoring one-on-one can help bridge any gaps in skill sets among members.
A mastermind group can help you solve your problems but only if it’s the right one for you.
There are many benefits of joining a mastermind group. The most obvious is the value of access to other entrepreneurs who are going through similar challenges and successes. If there’s one thing you can learn from a mastermind group, it’s that when we share our problems with others and hear their solutions, we grow more confident in our own abilities.
Another benefit is getting feedback on your ideas. Brainstorming sessions are invaluable for refining your business model or strategy before investing time and money into something that may not work out as well as planned.
Perhaps the greatest risk is simply finding a group that is not truly a group of likeminded peers.
Conclusion
If you’re looking to add more value to your business, then a high-priced ecommerce mastermind may be the right fit for you. It’s important to keep in mind that not all groups are created equal, so make sure that you do your research before signing up for one.
All of that said, we are both believers in the power of a well-matched, committed mastermind. We were able to grow our ecommerce businesses faster than we would have been able to on our own and for that we are grateful. If you’re looking for a group of likeminded people who can help you grow your business, then a mastermind may be the right fit for you.
Some of the resources on this page may be affiliate links, meaning we receive a commission (at no extra cost to you) if you use that link to make a purchase. We only promote those products or services that we have investigated and truly feel deliver value to you.
