I posted this in a similar thread when I first joined, so forgive me if you've read this before:
For the majority of my career, I mostly did freelance magazine illustration, character design and storyboards for television and film, and some graphic design. When the market crashed in 2008, combined with things shifting to the Internet, my illustration career came to a grinding halt. Craigslist single-handedly wiped out classified ads which accounted for 30% of advertising for newspapers and reduced editorial budgets as a result. Web kind of killed print media.
I had to reinvent my career and focused on graphic design (incorporating illustration in my book covers and CD and LP packages). I taught drawing part time at a college for a few years and ended up taking my first 9 to 5 gig four years ago doing graphic design for said college.
I still freelance doing magazine and book design and illustration—these projects tend to be less lucrative than previous ventures, but the projects often have more personal meaning and are satisfying on a creative level that is unsurpassed, for which I'm grateful.