Difference Between a Membership Site and Mastermind

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Have you considered starting a membership site or mastermind group?

Memberships and Masterminds are a long-term commitment, but they may be the easiest path to success.

These programs are popular for many reasons.

  • You help your audience at a deeper level.
  • It’s a way to understand your customer’s struggles.
  • The pressure of finding new monthly customers is lifted.
  • It brings recurring revenue.
  • You move from one-on-one coaching to group mentorship.

 

Benefits of a Membership Site

When you launch a membership site, numbers matter.

Typically, a membership site is under $50.

Now, that doesn’t sound like a lot of money.

Nevertheless, when you grow your site beyond 100 members, it’s a game-changer.

If you have 100 members who paid you $50 a month, you’ll earn $5,000 per month.

As a result, you earn $60,000 a year.

Not a bad chunk of change.

 

Benefits of a Mastermind Group

A mastermind group is perfect for existing customers. Customers who are ready to scale their business.

But mastermind groups have a higher price point.

It’s not for tire-kicking spectators.

These programs are for the seriously committed entrepreneur.

It’s for action takers who understand the value of community, networking, and commitment.

 

Membership Site or Mastermind Group?

In this video, discover what makes these programs unique.

  • The main objectives
  • Differences and similarities
  • What’s included in each one
  • Membership capacity
  • How to structure the programs
  • Content frequency and other deliverables
  • Pricing your program

 

 

Side-by-Side Summary of a Membership Site and Mastermind Group

One of the best ways to make an informed decision between two choices is to see their value side-by-side. Then, see which works best for you.

Membership

How to Develop a Skill

Access to Information

Educational Content

Limited Interaction

Chat Interaction

Roadmap

May Include Core Content

Questions Related to the Skill

Month-to-Month

Work on Your Own

Prerecorded or Webinar Format

You Track Your Progress

No Tech Training

More Members (100+)

Facebook Group

Onboarding Group Call

Lower Price Point

Served Community

Mastermind

How to Scale Your Business

Coaching & Group Support

Exchange of Knowledge

High–Touch Interaction

Face-to-Face Interactions

Agenda

Various Topics

Brainstorming Sessions

Annual

Spotlights for Problem Solving

LIVE Face-to-Face Interaction

Goal Setting & Accountability

Tech Discussions

Fewer Members (up to 30)

Community Forum

One-on-One Onboarding Call

Higher Price Point

Access to Non-Published Content

 

 

Need a quick download? Help yourself.

 

Downloads

 

 

Choose Your Best Option

Online education provides convenience and value.

That means people are willing to invest in themselves to sharpen their skills.

Understanding these two programs will help you make the right choice.

 

A related topic that may interest you: Avoid 7 Mistakes as You Build Your Online Business. 

 

Stay Resilient!

Marisa Shadrick

Online Marketing Coach and Certified Copywriter

 

Would You Like to Discover All My Copy Secrets?

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