WHY YOU SHOULD JOIN A MASTERMIND | My First Million Podcast

About this video

Sam and Shaan discuss the opportunity to create affordable CEO mastermind groups for their podcast audience, drawing from their own experience in masterminds and contrasting with expensive existing services like Vistage. They mention testing a lower-cost model called Trends at $300/year and explore the potential to build higher-end groups that could serve their community across different cities.

Key takeaways

• Sam received 400+ requests for a playbook on running masterminds after mentioning it on the podcast, signaling strong demand for peer advisory groups
• Traditional CEO groups like Vistage charge $18,000+ annually, which Sam views as overpriced for the basic service they provide
• Shaan’s Trends offering demonstrates a working lower-cost model at $300/year, suggesting there’s an underserved market for affordable, high-quality peer groups
• The key challenge is selecting the right positioning and angle to differentiate; Sam sees potential to organize groups by city using their listener base

Episode details: published February 29, 2020 · 779 views · 2:08 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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