Why Niche Mastermind Groups Are So Popular
There has never been a better time to start (or join) a Mastermind group. Technology innovation and an increase in business owners that have niched down means that advice you get can be far more specific to you and your industry. A niche Mastermind group is a way to help you sift through the endless stream of content (not always relevant) and allow you to learn the context (more specific to you)
One key mental shift is that you will need to shift from a fixed mindset to a growth mindset. A fixed mindset sees everyone within a niche as a competitor. A growth mindset sees all kind of possibilities including collaboration and even JV partnerships. If you are going to participate in an industry-related Mastermind check the rules around competition and also sharing your business information. A good Mastermind will always include a non-disclosure agreement to allow the participants to feel safer in sharing their information.
Here at Eccountability we are obsessed with Masterminds so we’ve created a list of niche groups that you might be interested in exploring.
Having previously run an events business for over a decade I can relate to this Wedding Mastermind. The Wedding industry is both lucrative and also highly competitive. Standing out and getting advice on what’s working from other people in the wedding industry can be the difference between success and flat-lining. So if you are a wedding planner consider joining an industry-related Mastermind.
Like almost every niche there are certain industry jargon, metrics and common problems and pain points. Ecommerce is no exception. How to you increase sales, decrease shopping card abandon rates. What are your peers in the industry trying (and succeeding at) For example I learned in a Mastermind group that having a survey on the thank you page – right after someone has purchased your product is the BEST place to find out some additional data from your customers. 80% completion rate. If you ask the right question this information and insights are really helpful in giving the customers more of what they want – without the guesswork.
Every industry is facing change and disruption on a scale not seen before in business which makes the participation in a peer-to-peer support group vital if you want to adapt and change and keep up with this rapid change. There are a number of companies using AI to disrupt the fees from Lawyers. Google Ads charges for getting a click from lawyers are one of THE highest on the web. So finding new and innovative way for lawyers to market their services is vital.
Homecare CEO’s Mastermind
The homecare business is growing exponentially. People are living longer and as a result, they want and need a little more help. Either to live at home which has enormous benefits or in some kind of assisted care facility. The industry has many regulations to meet and also technology that can greatly assist both the business owners and the end users. One of the best ways to stay up to date with all this innovation is obviously through a Mastermind.
Psychology Practice Mastermind
All entrepreneurs know that much of their success is down to mindset. The ability to step outside your comfort zone and push your limits. Fear and doubt for small business owners is a huge part of the key indicators for success and achieving those goals we set. Psychologist are like the coach for the mind (my words not theirs) There are also quite strict rules around advertising so again being part of a group that can help you overcome the industry-wide problems is a huge benefit.
This niche is very dear to my heart as my in-laws ran a very successful photography studio and portrait business for over 30 years before recently retiring. I tried several times to explain the idea of creating a teaching model around all their valuable experience. Every tip, trick, and shortcut that made the photographs, and their clients, look amazing. Sadly, they couldn’t see how valuable their information was. Instead, they have taken it into retirement with them. Lost to a budding generation of photographers. Photography studio startups who could quickly learn how to run a successful portrait studio if they had access to this knowledge.
In just a few short years cryptocurrency has gone from virtually unknown to ubiquitous thanks party to the success of bitcoin. Every day there are new companies starting up and specializing in this niche. There are even courses and training for accountants to specialize in working using just cryptocurrency so you know it’s here to stay. With such a fast-evolving technology being in some kind of cryptocurrency Mastermind is almost a must if you are serious about the industry,
This one has such a clear message that I’ve just repeated it
“I’ve wanted to create an Income Mastermind Group for years. I’ve waited patiently, growing the skills of the YHC and YBC members to a point where a Mastermind Group was the next obvious step. I’ve been patient. You’ve been busy. You know your niche. You know how to generate leads. You know how to sell. You want to keep evolving. You want to be with people like you, people who are wanting to push their own edge of evolution in the marketing.“
Female Entrepreneurs Mastermind
We all want and tribe and to belong. So it kinda makes sense to work with people who get you. Who understand what you are about. What sets Jen Argue Masterminds apart from others is that she want you to HAVE IT ALL… impact, profits, AND a soul that feels alive and connected!
Start Your Own Mastermind
Like anything we do, starting something is never quite as easy as it looks. One of the key benefits of a Mastermind is the accountability from the host. Keeping you on track, motivated and also able to launch quickly with the right offer to the right people. Selling an information product often has a profit margin of around 70% vs 20% for most products or services. That’s a much better Return On Intellect
Contact us today for a free strategy session to see if you are a good fit and to find out more about the huge benefits of starting your own Mastermind group.