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Whether you’re in the thick of running your network marketing business or just starting out, you might realize that, although the premise of network marketing is networking with people, it can be a pretty lonely gig.
MLM masterminds might offer solutions to problems you didn’t even realize you had.
Should you join an MLM mastermind group? Would it be helpful? Where can you find one? Keep reading to find out if an MLM mastermind group would help you and your business.
What is an MLM Mastermind Group?
A mastermind group is a focus group of individuals who have the same goals.
MLM masterminds collaborate and share insights.
They can be a large online community of people or a more intimate group of a few individuals who already know each other.
Either way, the goal remains the same: be helpful to each other on your MLM journeys.
The Benefits of an MLM Mastermind
Surrounding yourself with like-minded network marketers has a lot of benefits for you. Here are the top five:
1. Problem-Solving
When you’re up against something tricky in your business, it can be hard to see the big picture.
If you are part of a mastermind, your fellow group members may have creative solutions to your problems that you can’t see because you’re too close to the situation.
Struggling with creating Instagram reels? Ask for some guidance.
Not sure how to encourage a prospect to become your newest recruit? Ask for help with wording.
Are you plateauing in sales? Your group has been there and can help you through it.
2. Accountability
You can set a goal of five new recruits by the end of the year.
You might write out your goal on neon pink sticky notes that you put on your mirror and by your computer monitor.
And you might feel like quitting when it’s hard. You might even toss the sticky notes in the garbage without batting an eye. No one needs to know.
But when you set a goal and voice it to an accountability partner, it’s different.
If you know someone is waiting to hear about the five recruits you rounded up, it’s harder to ignore than the sticky notes you can toss in the trash.
Unlike a sticky note, an accountability partner from your mastermind group can give you a call and help you think of where to find more leads when your current ones dry up.
By having an accountability partner, you are more likely to follow through on your goal.
3. Resource Sharing
There are a lot of resources out there.
You couldn’t test them all out to find your favorites if you tried.
Instead, if you’re part of a mastermind, you can share with each other which resources you find particularly beneficial.
“Did you see what the Beach Boss Influencers shared about live videos? It was a game changer!”
“Canva is my new best friend.”
“I don’t know how I survived without Metricool!”
You can learn about new products or systems without needing to guinea pig each of them.
4. Friendship and Networking
As you spend time together, there’s a good chance you’ll start to look forward to your meetings and chats.
You’ll celebrate each other’s successes. You’ll be there to encourage each other and laugh together.
You’ll become friends.
In addition to the camaraderie you’ll feel together, you’ll also expand your network as you build these relationships.
5. Confidence-Building
When you see others following similar paths, and you watch them succeed, you start to realize that you can do this, too.
Knowing that you’re capable of doing something is half the battle.
Surrounding yourself with people who cheer you on can also do a number on your self-esteem and confidence.
Bonus Benefit: Commiseration
Network marketing isn’t all fun and games all the time.
It can be downright hard sometimes.
When your most promising lead falls through, it’s nice to have some people to share your disappointment with who understand what you’re feeling.
Your mom, sister, life partner, or cat probably won’t be able to provide sufficient empathy for the moment.
Instead, lean into the other network marketers in your mastermind group. They will get it.
How Can I Find One?
If you are interested in being in an MLM mastermind group, you can either find one or start one.
To start one, you could speak with your upline. They might be a good fit because they have a strong vested interest in your success.
You can also reach out to friends who are part of a different MLM. The cross-company collaborations could help both of you brainstorm fresh ideas.
Instead of starting one, you can also join one. We have a great group of individuals who are crushing it in their businesses in our private MLM mastermind group. They collaborate with each other, and we share additional information that can be helpful to your business.
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