Do You Mastermind?

By
Real Estate Agent with Village Real Estate Services, Inc.

 Mastermind groups can be a valuable resource for any business professional.   Next month will mark the seventh year I have been a member of a real estate related mastermind group.  Originally, our common interest was belonging to a coaching group called By Referral Only.  That common thread drew a group of like-minded individuals together and it's still growing strong.  We have people who are part of the core group that actually formed about ten years ago and continue to invite others to join us.  Our attendance is typically 15-20 people each month.

 What we do is meet to discuss a topic that we decided upon at the previous meeting.  We generally have one or two people from the group who will volunteer or "get volunteered" to present on our chosen topic.  We have a moderator who keeps everything moving along.  We also will discuss anything that is newsworthy or brainstorm an idea or strategy to help someone move forward in their business.

 

 Since our mastermind group is made up of real estate agents and lenders, we tend to focus on real estate related topics.  We have discussed a variety of topics from setting up a website, team building, marketing ideas, blogging, texting, best business ideas, business coaching, investment properties, and many more. 

 

We have a wonderful moderator who keeps us on track.  When I joined the group 7 years ago, I gladly accepted the position as secretary.  Since I was comparatively new in the real estate business and believed I had less to contribute than many other members, it seemed the best way to make a contribution to our group. (It's really nothing more than keeping a database and sending out a couple emails each month.)  I later learned that people new to the business bring a great batch of questions and a fresh perspective to any group.   They cause those who have been doing things the same way for a long time to consider what they do, why they do it, and that there might be a better, faster, easier, more economical way.   The key to any group's success is getting most of the people in the group to participate and contribute.

So, if you have been fortunate enough to have been invited to join a mastermind group, do give it a try...and thank the person who thought enough of you to invite you.  Or, you might consider starting your own mastermind group.  Begin by inviting a few people you respect, get together for lunch or breakfast and encourage them to each invite a person or two to join you the following month.  Our group meets at the same time on the second Tuesday of each month.  That way, people can work their schedules around it. 

If you would like more information on starting your own mastermind group, I'd be happy to answer any questions you might have.

Marlene Bridges, REALTOR® and Humber Scribe for SoCal Mastermind

Certified Residential Specialist® - Seniors Real Estate Specialist® - ePRO®

Orange County, California

www.LiveTheCaliforniaDream.com

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Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate

Oh my, what can happen when your internet goes down for hours?!  I got up this morning to see that there were some wonderful comments on this post and that I had a coveted gold star!  Seeing all the great comments that have been coming in, it's easy to see that everyone who has ever participated has certainly found value in masterminding.

Jeff - Thanks for your comment.  You mentioned networking groups.  Le Tip type groups may get you business, masterminding grows your business and keeps you in the flow.  Our group was formed not to get referrals, but to share information.  The referrals have come as a natural by-product of what we do.

Kevin - Thanks for giving credit where credit is due to Napoleon Hill for sharing this concept with the business community.

John -I got a little nervous when I began reading your comment.  I thought, how uncaring someone had been...then you fessed up to the joke.  You definitely got me lip-hooked and I was reeled in halfway to the boat.

Ron - You are absolutely awesome.  I'm so delighted that you enjoyed visiting our mastermind group and have decided to become a permanent part of it.  You have so much to offer and I know we'll all benefit from the synergy.

William - Sadly when our schedules become impacted, something has to give.  I'm glad this post helped you to re-evaluate where you will be able to spend your time in the future.  You have so much to contribute.  Any group would be so blessed to have you there with your talent, expertise and great ability to communicate.  You must promise to invite me!  Thanks, too, for the congrats.  What a nice surprise to wake up to a gold star this morning.

janeAnne - You are so right about the value of working on projects together.  Many years ago, one of our members brought in a sample of an email blast that he was planning to send out.  We lovingly told him that emailing something on RED paper would'nt be very effective because what would be received on the other end would just be black!  He didn't let his ego get in the way...Can you imagine how much harder it would have been for him if he'd actually sent it out and looked foolish to hundreds of people? 

I couldn't agree more that AR is like a huge mastermind group.  But it's also nice to be able to see the people you interact with in person, too.  Thanks so much for commenting. 

You're so right about feedback in the form of comments.  It sure feels great when people take the time to read what you've written and make a comment on it---especially when they get it!  Thanks for "getting it", janeAnne.

JudyAnn -We have something similar happening in our mastermind.  When we first started, I was keeper of the notes and emailed them to everyone.  That eventually evolved to a website and now to our own Mastermind Blog.  Fellow Rainer Gregg Franklin is the keeper of the blog and posts all of the important URL's, tips, ideas, etc. for us.  Every mastermind needs to have a Gregg!

Gary - I belong to one mastermind group that I was invited to join a few years ago by my mentor and Rainer extraordinaire, Lynda Eisenmann.  For the first few years that I met with them it was pretty unstructured.  We came away from our monthly lunches learning a lot.  This year, Lynda encouraged us to be more structured.  We now have a topic with two of our members preparing and sharing.  Then we have open discussion after we've listened to the presenters.  We still have a great time, get more done and give a couple of people the opportunity to learn more by having to teach something. 

Jun 16, 2007 05:14 AM #21
Rainer
69,228
Spokane Home Loans Spokane Mortgage
Spokane Mortgage - Spokane, WA
Wow, I would love to know more about creating my own mastermind group. I love the idea and think that I have alot to offer.
Jun 16, 2007 09:50 AM #22
Ambassador
750,230
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Marlene....   thanks for sharing the difference between Le Tip and Mastermind. It sounds intriguing.... thanks again.

                                                                                                            jeff belonger

Jun 16, 2007 11:49 AM #23
Rainer
38,107
Kelly Kilpatrick
Rancho Santa Margarita, CA
Broker-Associate
Sounds like a great local group. All you need is an invitation? Hint. Hint. :-)
Jun 16, 2007 04:08 PM #24
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Hi Kelly - I'll be in touch via email.  You will of course need to learn the secret handshake - LOL
Jun 17, 2007 03:42 AM #25
Rainmaker
251,788
Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196
great to read your post!  we have one here in Tampa too!!   Its is SO inspiring to us all.  Check out Cyndee Haydon's post on active rain she took a pic when we were at our local master mind meeting.
Jun 17, 2007 07:37 AM #26
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Thanks for your comment and for directing me to Cyndees post.  You guys look like you have a great time together.  We meet at a title company and they are kind enough to have lunch brought in for us. 
Jun 17, 2007 08:51 AM #27
Rainmaker
552,222
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Marlene,

Loved your post and congratulations on another gold star!

You know this is a topic close to my heart and thank you for the nice mention. More than anything else, it's a group of like-minded individuals/colleagues who meet on a regular basis to share and exchange ideas. Referrals (at times) are a bonus.

Both of the groups we participate in are quite different from each other, yet both extremely beneficial for different reasons. And yes, no doubt it is a real committment for everyone, and not always easy to do, yet for me it's a real priority.

For anyone who may be interested, it can be as simple as inviting another to lunch to discuss the topic. That's the way we began our first group (our CRS group) about 11 years ago. A few more things to consider, invite those you know would be willing to share. And if possible, strategically try to select/invite others who may (possibly) be just far enough away refer each other, yet still commute to meet.

It can be a wonderful experience, it's like having you own private coaching group without an added expense.  And one more thing, new or old, everyone has something to share.

 

Jun 17, 2007 02:46 PM #28
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate

Lynda - Well said, my friend.  Congrats are in order for Lynda's grandson, Josh.  He just graduated with honors on Friday night!  Wooo Hoooo! 

Jun 17, 2007 03:42 PM #29
Rainer
23,739
Galel Fajardo
Costa Mesa, CA

Marlene  -

As a result of what you said regarding mastermind groups, I have formed a group with 8 other loan originators from around the country.

Our first conference call is tomorrow morning at 8am!

Thanks for the inspiration.

Galel 

Jun 18, 2007 09:13 AM #30
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Galel - I am delighted to hear about your new mastermind group.  A national group is such a great idea.  You'll be able to share very openly without fear that you'll be sharing secrets with someone in your own back yard.  That is a common fear with most new groups.  As you begin to bond as a greoup, you'll become more and more open to sharing.  No one person can ever implement everything you discuss.  Have you considered using something like gotomeeting.com so you can all be looking at the same info at the same time?  Just a thought.  Congrats again!!!
Jun 18, 2007 11:46 AM #31
Anonymous
Valerie Van de Zilver

Marlene - I'd like more information about your MasterMind group.  From past experience, these can be so valuable in sharing, support, brainstorming.  Another hint, hint for an invitation...?

Jul 21, 2007 03:14 AM #32
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate

Hi Valerie - I'd be happy to chat with you about our mastermind group via email.  Just click Email Me under my picture on the upper right of this page.

Jul 21, 2007 08:35 AM #33
Ambassador
754,569
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

 Marlene, thanks for this post. I've been going to blog posts via Localism, and found that you have some wonderful posts here.  I'll email you about the mastermind group; thanks!

Mike in Tucson

Aug 15, 2007 08:42 PM #34
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Hi Mike - Thanks for stopping by.
Aug 16, 2007 01:31 AM #35
Ambassador
526,931
Tracy Santrock
Fonville Morisey/Santrock Realty Group, Inc. - Cary, NC
Raleigh - Cary Realtor/Broker In Charge
I know the Keller Williams agents mastermind.  I'll have to see if they have any local groups since I'm not a KW agent.
Aug 20, 2007 04:55 AM #36
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Tracy - You might even want to start your own group.  It can be as simple as a few top agents getting together for lunch once a month.  Good luck!
Aug 20, 2007 09:15 AM #37
Rainer
233,668
Brett Noel
Keller Williams - Paso Robles, CA

Marlene, I tried to email you directly but active rain wouldnt let it go through. I love the idea of mastermind groups. I coach and train agents in Orange County and would love to attend your group if you have room.

My website is www.Brettnoel.com

my email brettnoel@topproducer.com

P.s. How does one publish articles specifically for Orange County? 

 

Sep 21, 2007 10:25 AM #38
Rainmaker
238,091
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Hi Brett - Thanks for checking out this post.  Give me a call next week.  I'd love to talk with you about our mastermind group and posting specifically for Orange County.  I'd be happy to walk you through it over the phone. 
Sep 21, 2007 05:23 PM #39
Ambassador
164,180
Monica Bourgeau
New Phase Business Coaching - Portland, OR
Business Coaching

This is an excellent post, I know a lot of Realtors who are participating in Mastermind Groups. We have started a Group here on AR for those of us who are, or who would like to participate in Mastermind Groups. Please join us! We would love to have your post.

http://activerain.com/groups/mastermindrealtors

Nov 22, 2008 12:35 PM #40
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