Despite the fact that book sales grew in 2008 versus 2007, weakened book sales in October and November of 2008 led to a day in publishing that is now being called “Black Wednesday.” On this infamous day, Publishing Houses throughout the industry did some major belt tightening to ensure they stay afloat in today’s nerve-wracking recession. Such belt-tightening came in the form of massive layoffs, dropped book contracts, genres being slashed, reductions in print runs, and major distribution changes. It’s a terrifying prospect to believe that it will now be harder than ever to get published, but times are not as bad as one might think.
Determine what to look for in a publishing firm. Be aware of copyright issues, and finding taking pride in their work. Learn how much money they can make in return.