Mastermind groups may be formal or informal, expensive or free
. Some top marketers form Mastermind groups in which they charge in excess of $10,000 a year per member. By most accounts, they're worth the cost; even experienced marketers can make much more than they spend, just by joint venturing with other members and developing ideas that come to them during the meetings. But you can easily create a more informal Mastermind group of your own, just by networking with other people in your business and explaining what you'd like to do. You may be surprised at how many people will be willing to join. Everyone likes to get asked for their opinion and advice, after all. If money or time are tight, you don't even have to travel to meet: just invest in a teleconference service and "meet" on the phone for however long it takes. As long as you have a leader/facilitator to manage the group, a teleconference can be just as effective as a face-to-face meeting.