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

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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

Thank you

[(Anonymous)]

I know it may be naive of me, but thank you anna louise. I got a form reject from an agent this weekend and I've been rather depressed since. But reading this post just reminded me why I wanted to tough it out and find an agent anyway so that I didn't have to be the one stressing over the numbers and business side. I understand that I need to know these things, to understand how it all works, but I am 100% OK with handing my 15% over so that I can focus on the writing part.