MasterMind Power IV: Some MasterMind Examples

(Reading time: 4 – 6 minutes)

In MasterMind Power III: The 5 Ws Of a Successful Mastermind Group, Valentina Bellicova took us through the Who, What, Why, Where and When of organizing a MasterMind group.

Here’s our fourth and current final installment, where Valentina describes five of the many MasterMind groups she has had experience with. (Watch this space, there may be Part V coming!)

The Power of the MasterMind – Part IV: Some MasterMind Examples

-by Valentina Bellicova

Just as with anything in life, there are different types of masterminds, each serves a purpose. You may want to belong to more than one. I, for example, am a member of five masterminds:

1. Monthly Marketing Group.
   Paid membership. Each member is a small business owner. We learn how to maximize offline as well as online marketing and how to mesh the two. This is a hands on full day attendance moderated by the leader of the group. Group is under 20.
2. Monthly Real Estate Investment Group
   Paid membership. This is a recent membership for me. Real estate investing is an area that I am interested in. This group is made up of different real estate professionals including finders, that is to say people who research and source out good investments and offer jv investment opportunities. Group numbers more than 100.
3. Weekly Internet Marketing Group
   Free. Started by five guys who took a course and thought it would be helpful to support each other if they met weekly. The group has now mushroomed to 45 plus. What started as a casual drop in with no specific agenda has taken on a life of its own with JV and the creation of a new product.
4. Weekly Teleconference Call
   By invitation only. Money and investment group. Going strong after 2 years.
5. Weekly Mutual Support in Internet Marketing
   An informal arrangement that a friend and I have – just the two of us. One afternoon a week we meet with our laptops in tow and work on our internet marketing businesses. The process is becoming more formalized as this year we are addressing our goal for the year and how we can support reach other in realizing that goal. We initially opened it up to others but found that was counterproductive and not the best use of anyone’s time.

I cite these as examples that you may want to think about. Not every mastermind is open ended.

Some are set up for a reason, most often a project with time lines. When that is achieved then the group usually disbands.

Some masterminds are set up to improve your skill sets and move your business forward. These are typically the paid membership type of masterminds. The success or failure of this type of mastermind usually rests on the shoulders of the organization’s founder and the value that the leader is able to deliver.

The most difficult is the mastermind that keeps going and going, like the energizer bunny. This type of mastermind is usually a small group – two to nine seems to work best. Typically in a group setting of this sort time is the ultimate arbiter – the longer the group stays together, the more powerful the synergy that is formed, the more success is experienced by the members. Personality and characteristics as well as strengths of each member are critical to the success of such a group.

Valentina Bellicova builds on her years of experience in Corporate America to succeed as a professional speaker, author and internet marketer. At age 15, she pitched her first article, obtaining a weekly column for the Daily Mainichi Newspaper in Tokyo. Visit Valentina: Blog Income Life.

I hope you enjoyed the MasterMind Power series from Valentina Bellicova. Let’s do a quick recap:

1. The series started with a story of how five boys grew into success by creating their own “mastermind group.”
2. We continued with a Napolean Hill, and the seven characteristics of mastermind groups.
3. Creating a mastermind group requires understanding the Who, What, Why, Where and When for the group.
4. And here in Part IV, Valentina concludes with five examples of mastermind groups drawn from her own experience.

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Tagged as: Mastermind group, MasterMind Power, MasterMinds, Valentina Bellicova