Sales Tip 1824: Masterminding Your Path to Peer-Powered Profitability - Meshell Baker

“Alone we can do so little. Together we can do so much.” – Meshell Baker in today’s Tip 1824

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Transcript

Scott Ingram: You’re listening to the Daily Sales Tips Podcast and I’m your host Scott Ingram. Today’s tip comes from Meshell Baker, our favorite sales confidence igniter and authentic selling crusader. Here she is.

Meshell Baker: Imagine having a circle of like minded professionals, each bringing their unique insights, skills and strategies to help you solve challenges and hit your sales targets. This isn’t just networking, it’s masterminding, where your growth accelerates through the power of collective intelligence. Today I’m diving into masterminding your path to peer powered profitability. You see, in sales your connections are everything and masterminding empowers you to connect deeper, gain fresh perspectives and get direct, actionable feedback that will transform your sales trajectory. So what is Masterminding? A mastermind group is a gathering of intelligent, committed individuals who regularly meet to exchange ideas, tackle challenges and drive each other toward personal and professional goals. It’s a structure that combines mentorship with peer to peer support, creating a unique environment for reciprocal growth and accountability. As Napoleon Hill famously said, no mind is complete by itself. It needs contact and association with others minds to grow.

So as you know, it’s time to break this down into three key takeaways in an immediately implementable technique. Number one Accelerated growth through accountability According to a study by the American Society of Training and development, people are 65% more likely to achieve their goals when they have an accountability partner. I like to call them accountability buddies. That number jumps to 95% when they commit to regular check-ins with their group. And that’s what a mastermind provides. A high level of accountability keeping you focused, motivated and consistent. Number two Diversity of insights and solutions. The beautiful thing about a mastermind is that it pulls from a pool of diverse experiences, skills, wisdom and perspectives.

It’s not just your own thoughts and views on a problem or even an opportunity. Instead, you have access to a collective who has faced similar situations and who are genuinely supporting your success. In 2023, a study in the Journal of Applied Psychology found that diverse groups consistently outperform homogeneous ones in problem solving tasks by nearly 20%. That simply means masterminds harness this diversity to reveal solutions you may never have thought of on your own. Number three Real Time Peer Mentorship. A mastermind group becomes a mini advisory board where members benefit from each other’s experiences, industry specific knowledge and skills. In sales and business world, mentorship is often seen as a significant growth factor and masterminds bring in the advantage of collective mentorship. Each session will provide a platform to gain real time feedback on ideas and strategies, helping you refine your approach and fast tracking your path to profits.

Here’s some powerful data on the benefits of masterminding. Research shows that 70% of people who participate in mastermind groups report increased productivity and improve goal achievements compared to those who do not engage in such groups. Yep, 70%. This statistic highlights the effectiveness of a collaborative support in masterminding. So here’s a simple step you can implement today. Create or Join a Mastermind group. Now if this is your first go at it, I highly encourage you to go join an existing group. Now if you do decide that you’re going to start one, begin by reaching out to three to five like minded individuals who share your ambitions.

Schedule a regular meeting, whether weekly or bi weekly where you can discuss your goals, challenges and strategies for success. Use this time to hold each other accountable, celebrate each other’s wins, and learn from each other’s challenges. Remember, success is not just about what you know, it’s about who you know and how well you collaborate with them. And never forget, your net worth will always be in direct relationship to your network. In the words of Helen Keller, a renowned author, activist and lecturer. Alone we can do so little. Together we can do so much. Have a great day selling.

Scott Ingram: For links to connect with Meshell and to learn more about our own Sales Success society, just Click over to DailySales.Tips/1824. Once you’ve clicked over there, be sure to click back here for another great sales tip. Thanks for listening.