P&Ls and how books make (or don't) money

[alg]

Profit & Loss/Profitability & Liability: How Books Make (or Don't Make!) Money

A basic outline of what happens when an editor buys a book and wants to publish it. This is very much a basic look at publishing and publishing finance, with some explanation of terms commonly used by the marketing and sales departments.

Comments

Re: Propaganda

[mariongropen.livejournal.com]

As someone who used to cut the paychecks and the royalty checks in a modestly sized publisher, I can only say:

Are you ***kidding?!!?***

Even the execs are severely underpaid for their level of talent, education, experience and effort. And let us have a moment of silence while we contemplate the sad and sorry state of compensation for the entry-level folks.

Re: Propaganda

[alg.livejournal.com]

WORD.

Everyone always thinks they don't make enough money for what they do, but in publishing that is actually often true.