Dan Fleyshman

I'm going to have to start doing that next. Okay. So as you guys know, the way the podcast works is we keep it to under 40 minutes because the average commute to work is 45 minutes. The average workout is 45 minutes. So we keep these episodes to 34 to 39 minutes for your listening pleasure.

On this episode, I want to focus on masterminds and understand the importance of networking, learning, and surrounding yourself with greatness, surrounding yourself with other like-minded people. And who better to ask than Tai Lopez, who's done this for many, many years, speaking at masterminds, hosting his own masterminds. We created a mastermind together and everything in between.

On this episode, I want to focus on masterminds and understand the importance of networking, learning, and surrounding yourself with greatness, surrounding yourself with other like-minded people. And who better to ask than Tai Lopez, who's done this for many, many years, speaking at masterminds, hosting his own masterminds. We created a mastermind together and everything in between.

So I want to dive into the entire mastermind business, but also why people should be attending masterminds, why they should learn about them, maybe even host their own little groups together.

So I want to dive into the entire mastermind business, but also why people should be attending masterminds, why they should learn about them, maybe even host their own little groups together.

So masterminds can range. We've both spoken at many, many masterminds over the years. They can be 25,000. They can be 100,000. They can be 20,000, 50,000, 10,000. Why is it important for someone to pay? Why is it important to actually pay to be in a mastermind?

So masterminds can range. We've both spoken at many, many masterminds over the years. They can be 25,000. They can be 100,000. They can be 20,000, 50,000, 10,000. Why is it important for someone to pay? Why is it important to actually pay to be in a mastermind?

Oh, hey Vivek.

Oh, hey Vivek.

He's a 20-year-old life coach.

He's a 20-year-old life coach.

Absolutely. So in 2019, after a decade of throwing free events called Elevator Nights, I finally created the 100 Million Mastermind Experience. 100 Million Mastermind was $100,000 per person. Yep. And my goal was everyone inside this group was going to do at least 5 million in revenue, preferably 10 million or higher.

Absolutely. So in 2019, after a decade of throwing free events called Elevator Nights, I finally created the 100 Million Mastermind Experience. 100 Million Mastermind was $100,000 per person. Yep. And my goal was everyone inside this group was going to do at least 5 million in revenue, preferably 10 million or higher.

So that was the gatekeeping part of, they had to be doing 5 to 10 million bucks, most of them doing 10 to 40 million in revenue. I brought in a bunch of instructors that were either doing over 100 million in sales, spending over 100 million on ads, or been seen by over 100 million people. A lot of them are your friends.

So that was the gatekeeping part of, they had to be doing 5 to 10 million bucks, most of them doing 10 to 40 million in revenue. I brought in a bunch of instructors that were either doing over 100 million in sales, spending over 100 million on ads, or been seen by over 100 million people. A lot of them are your friends.

Marcos Limones, the Wolf of Wall Street, Neil Patel, the Morrison Brothers, guys that were movers and shakers, spending a lot of money so that they could be the instructors to teach people in this group. Within seven weeks, we sold all hundred spots at $100,000. I look back at that in 2019 as like an enigma or a situation of like, after all these years, I'd never sold into a mastermind.

Marcos Limones, the Wolf of Wall Street, Neil Patel, the Morrison Brothers, guys that were movers and shakers, spending a lot of money so that they could be the instructors to teach people in this group. Within seven weeks, we sold all hundred spots at $100,000. I look back at that in 2019 as like an enigma or a situation of like, after all these years, I'd never sold into a mastermind.

I was just smoking everybody else's mastermind. And I realized in that moment and why I'm so obsessed with masterminds now is how much people want to be in the room with other people in their similar world. And here's why. most entrepreneurs feel like they're on an island. Yeah. They're by themselves. They can't talk with their wife or husband, friend or dad.

I was just smoking everybody else's mastermind. And I realized in that moment and why I'm so obsessed with masterminds now is how much people want to be in the room with other people in their similar world. And here's why. most entrepreneurs feel like they're on an island. Yeah. They're by themselves. They can't talk with their wife or husband, friend or dad.

It sounds like you're either bragging or it's weird. You're like, yeah, I did $14 million in sales, but my staff member did this or my manufacturer did that or the vendor was late. And we have these situations that who are we going to talk to? Our buddy from high school? You can't.