an editor on publishing

I saw this on David Niall Wilson’s blog just a bit ago and thought I’d share.

P&Ls and how books make (or don’t) money: part the first: the mass market original complete failure
In which I explain how we figure out how much money to pay authors for their advance, and also in which I explain how sometimes books make money and sometimes they don’t:

P&Ls and how books make (or don’t) money: part the first: the mass market original complete failure

A P&L is done a couple of different times. The first time is when we are estimating what we think we will spend on a book versus what we think we will make. If we buy the book, P&Ls are done throughout the book’s life.

P&L usually stands for Profitability & Liability or Profit & Loss.

read more here.

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Author: Mari Adkins

Appalachian gothic fiction writer - my works reflect a love of literature flavored by the darkness and magic residing in these ancient mountains. In my spare time, I'm a Simmer, I tumbl, I journal, but I always have a very strange sense of humor. I have lived away from the mountains and lived deep in the mountains. I currently live in Central Kentucky with my lifepartner and his cat. The mountains, their culture, their superstitions, their particular magics, will always be in my blood.