10 Awful Truths About Book Publishing

Given the following ten awful truths about book publishing I'm very thankful to have a decent readership of my books:

1. The number of books being published in the U.S. has exploded.
2. Book industry sales are declining, despite the explosion of books published.
3. Average book sales are shockingly small, and falling fast.
4. A book has less than a 1% chance of being stocked in an average bookstore.
5. It is getting harder and harder every year to sell books.
6. Most books today are selling only to the authors’ and publishers’ communities.
7. Most book marketing today is done by authors, not by publishers.
8. No other industry has so many new product introductions.
9. The digital revolution is expanding the number of products and sales channels but not increasing book sales.
10. The book publishing world is in a never-ending state of turmoil. Link.