You can lose your domain name if you file bankruptcy.

Yes you can lose your domain if you file for bankruptcy chapter 7. 

I recently decided to fill for bankruptcy chapter 7. This is liquidation of your assets. And yes is a domain name considered an asset.

If the trustees (The person responsible for overseeing your bankruptcy case) determine the name has value, then he or she will try to sell it to pay creditors.

I was shock when my lawyer told me this. I was prepared to give up everything except my domain name. At this time my website was my only means of income. If I lose my domain name I will be out of business. You cannot have a website without a domain name.

I explained this to my lawyer, but he said “the trustee job is to try and get back as much money as possible to pay creditors. If you have nothing, then they get nothing. If your domain name has value then they will try to sell it, regardless of your financial situation.

This is something all of us as website owners should keep in mind.

The more popular your site become is the more valuable your domain name is.       

There are people who will buy it just for the direct traffic and links.

New Year Resolutions Wishes

Hi nicheies, i hope this videos give you some inspiration for the new year. It is getting harder and harder to have a success business and make money online. Success comes with hard work. It is time to dedicate yourself to your niche.  Make it a must!
http://www.youtube.com/watch?v=bgZI0k8xsOw

The Best Way to Success in Business is to be in Business.

This is a good reminder why it is important not to give up. Even if what you are doing is not working you still learning. 

Online or off line the formula for success is the same.

These are a couple of good articles about starting your own business. Online or off line the formula for success is the same.

Dr. Phil on starting a business: passion is currency, patience is crucial

Chef Ming Tsai's keys to success

My First $100 Dollar Day with Google Adsense

Today is a good day.  Today I had my first $100 dollar day with Google AdSense. 

  

This is great achievement for me. 

I started this journey back in 2007. It has taken me 5 long years to get to this point.

I remember in the beginning, I never thought it would have taken this long. I was like a lot of people, thinking when I build they would come. But they didn't.

I have learned from this experience. I learn there is no short cut to making money online, if there is I have never found it.

I must admit, the early years where rough. Looking at my Google AdSense and see I have only made $3 dollars all day was pretty depressing. Many times I felt like quitting. Making a decent amount of money online seemed impossible.

But I am glad I didn’t quit. I am glad I kept creating quality pages. I believed in what I was doing and I that I was making a difference.

My biggest motivation (Inspiration)

The visitors to my site where my biggest motivation. Every time I thought about quitting I would get one of does feedbacks, telling me how much they like the site and how helpful it been to them.

The feedbacks I received where like blast of fuel. 

I know lot of you have been doing this for a while and still stuck on a few dollars per day. I know how frustrating it is because I been there.

My advice to you is not to give up. Keep working hard. Keep believing in what you are doing.

Listen to your visitors (your audience). If they tell you something is wrong, then it probably is. Fixit don’t ignore your visitors.

Recommit yourself to your site. Stay within your niche, don’t try and do everything. Stay focus on your topic. Don’t look at someone else success and try and do what they are doing. Do what you know best.

I know this is not the end. This is really just another mile stone. I know I will not make $100 dollars every day. Some days I will still make $10 dollars because my niche is school education and it is very seasonal. But just like winning a championship I will have to defend it. For me to continue making $100 dollars day I will have to work harder. Every day there is more competition online. More websites are being created every day. Trying to maintain and grow traffic is getting harder. I will have to find different ways to grow my business.

I don’t look at this as work. This is something I wanted. This is why I spent so many hours creating my site. To me this is fun.

Goals

You have to be realistic when you are setting goals. You can’t expect to make $100 a day if you have never made $50 in one day.

You have to celebrate every mile stone. Your first $5 day, $10 day, $25 day, $50 day and so on.

I would love to make $200 a day, but I know that will not happen this year. This is a goal I will set for next year.

Fear

A type of fear has come over me. The fear of losing everything that I have worked so hard for. The fear of waking up one day and all my traffic has disappeared and taken my AdSense earning with it.

But I read somewhere that this is a fear that many successful business people have, the ones who have started their own business.

I read that this is a healthy fear. It is a type of fear that keeps you motivated. A fear that makes you wants to work harder to keep what you have achieved.

But today will take a time out. Today will have breakfast at my favorite café then take a slow work over the Brooklyn Bridge.

Finding Your Niche - Google Hangout Video

I came across this Google hangout video last night. They where interviewing David hobby and Patrick smith (two photo bloggers).
                                                                                                                           
There are some really good points made here. I specially like the part about how many blogs do you own? and starting your own site and finding your niche. This question start at the 28:00 of the video.

One said, "about a dozen", the other one said", "about six.

The point is, none of them succeeded on their first try.

There is no guaranty that the first site you start will do well.

I only wish it was that simple. I myself have started about half a dozen sites before I had one successful site.

My biggest problem was, I trying to be a generalist with my websites. I was trying to cover too many topics all at once. No wants to take advise from a generalist. They want the best person to help them serve their problem. They want a specialist (an expert).

You have to present your self as an expert by building a niche website.

A niche site is where it’s at. With I niche site you can be more focus. You can be laser like focus on one subject.

Time to Buy a ipad?

I am going to buy an ipad.

I don’t like the closeness of apple. I prefer the openness of Google, and all the other tablet makers, but like they “it’s only business” and the numbers don’t lie.

I know get about 10 percent of my traffic from smartphone and tablet. 80 percent comes from apple ipad. And according to most of the studies that I have read, this will not be changing any time soon.

For me to continue to make money online my website has to be tablet ready.

I have gotten a lot of feedback lately about the way me site looks on an ipad. For me to address does problems I have to take a trip to the apple store. This is becoming a big in convenience.

Things are changing.

The world is changing. We know live in world of smartphones, tables and apps.

As niche website owners we have to adapt to changes or get left behind.

Remember, as much as things changes one thing will always remain the same, that is quality content, content will always be king.