By Karyn Greenstreet
Should you — and can you — charge a fee to your mastermind group members to attend your group?
I get this question all the time, and the short answer is: “Yes!”
Mastermind Group Facilitator Training begins May 6, 2024. Are you are ready to sharpen your facilitation skills and learn powerful group techniques for running thriving mastermind groups? Join me for Mastermind Group Facilitator Training. In this live virtual workshop, we focus on learning new facilitation skills so you can run awesome mastermind group meetings and help your members be successful. Click here to learn more about the Facilitator Training virtual workshop.
You need to be a role model for your members, and if you place little value on your own skill, time and knowledge, your members will mirror that.
If you still feel awkward about charging for your mastermind group, consider putting all the money into a fund that will pay for a mastermind group retreat weekend or a “success party” for the group.
Check out my blog post, How to Set Membership Fees for Your Mastermind Group
Mastermind Group Facilitator Training begins May 6, 2024. Are you are ready to sharpen your facilitation skills and learn powerful group techniques for running thriving mastermind groups? Join me for Mastermind Group Facilitator Training. In this live virtual workshop, we focus on learning new facilitation skills so you can run awesome mastermind group meetings and help your members be successful. Click here to learn more about the Facilitator Training virtual workshop.
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Karyn,
For me, it is perfectly appropriate to pay a fee for a mastermind group where the leader provides individualized attention and advice.
For instance, I’ve been in a PR group where we all evaluated each other’s press releases, plus the leader provided her own critique. When I commit to a program, I remain fully involved till the end. For this PR program, I posted multiple releases and received valuable input at a very reasonable price. I also commented on the work of others, contributing my own value as well as $.
At the other extreme are groups where the leader does almost nothing except for occasional “atta-boys” and “woohoos!” to Yahoo Group posts. I wouldn’t pay for such groups.
-Diana
Not technically a mastermind , however you never know who you’re going to meet and where relationships can take you. Meetup is free to join, but some groups may charge, or heck, start your own.