How I use Cocoapod locally

localpod.mdown

1. Preparation

Setup a local CocoaPods directory, and register it with CocoaPods

mkdir -p ~/CocoaPods/Local
(cd ~/CocoaPods/Local; git init)
pod repo add ~/CocoaPods/Local

2. Update local CocoaPod

   Whenever you have a local version you want to use in some other project, use the update-localpod script to update the local CocoaPod. It runs through all podspec files, and installed a version which points to the local repository instead of the remote.

   See this script: https://gist.github.com/2009088

3. Update references in target project.

   rm -rf Pods/ pod install

i am trying to execute pod in offline, for that i downloaded spec-master and followed your mentioned procedure like
pod repo add master ~/.cocoapods/Spec-master

Getting below error

To setup the master specs repo, please run pod setup

@bluealert Your solution worked in the latest cocoapods and xcode. Cheers.