Sometimes the last thing you want to do is take time from your writing to study the business end of writing. But that's what has to happen if you want to get published. I'd prefer to use 99% of my time for writing, but instead I set aside 30% for learning the business of this trade. This includes finding new markets for my material, researching contests and fellowships, marketing my book in all forms (through in-person events and online efforts) and networking with other writer friends.
Today my research took me to a press release by the Book Industry Study Group, a trade association for policy and research, that has just published Book Industry TRENDS 2007. While I won't recommend you buy the book, which is $125 for BISG members and $835 for non-members, I will pass on a few tidbits from the release in the hopes you'll get more curious about the market for your material and so do more research:
• Publishers' net revenues went up 3.2% to almost $35.7 billion in 2006. The report projects that amount will increase to $42 billion by 2011.
• Religious books made the largest dollar gain, up 5.6% in 2006, while adult trade came in second with a growth of 3.9%
Book Industry TRENDS 2007
Bookselling This Week (list of articles about industry statistics)
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