Things have changed in publishing, both within publishing houses and in their relationships with suppliers and freelances. Indexers are aware of the steady downward pressure on costs and subsequent outsourcing to lower-cost environments. Many indexers will also have seen publishers turn to automated indexing software. These are all clear risks to the indexing profession. However, the author believes that the introduction of XML-based workflows and the growth of the ebook market both provide new opportunities for indexers. This article discusses some of the risks and problems inherent in these changes with reference to indexes and indexers. It also discusses the opportunities for indexers to engage with and benefit from the world of digital publishing.