Do you ever want to whine about lousy advances from publishing houses? Are you often angry because they're so danged 'picky' about what they accept? Does it make you want to stomp your feet that big publishing corporations make gazillion dollars while you, the poor writer, survives on bread, water, and if you're lucky tuna fish?
I stumbled on a blog kept by an editor for Tor. Her blog Demystifying Publishing is wonderful, but this article that explains exactly what accounts for P&L (profit/loss) on a novel is just mind-boggling. For an enlightening read, click here for "P&L: or how books make, or don't make money". This is actually just part 1 of a 4 part series. The entire thing is fantastic, but if you even just read part one, I think you'll come away with a much better appreciation of that rejection letter, or itty bitty advance.