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For a new illustrator just starting out you will probably get paid anywhere from: $5,000-12,000 for your first children's book. If you agree to do something for a price then most likely your bottom line is lower than that rate.
The author's name can be found after the words by or written by. The illustrator's name can be found after the words art by or illustrated by. The author and the illustrator's names can be found on the front cover of the book. Sometimes the author and illustrator are the same person.
Illustrators are usually matched with authors by a publishing company. Sometimes, an author will choose an illustrator to work with, especially if they've worked the person before, but whether the author has published once or many times, it is usually the publisher who will pick an illustrator for a book.
In self-publishing, the author usually pays a flat fee for the illustrator's services, rather than ongoing royalties. When the project is complete and payment has been made in full, the contract specifies that the copyright for the images is transferred to the author to publish, market, and sell their book.
We agree to pay an author/illustrator an advance against royalties. A proportion of this is paid when we sign the contract with the author/illustrator; a proportion is paid on the delivery of the work that they've agreed to do; and a proportion is paid on the publication of the book.
You can expect to spend at least $500 for a book illustrator if you know where to look and how to find a good illustrator. Sometimes that $500 has included the formatting and cover design as well. This often surprises people, and it should.
If you're only the illustrator, the royalties will be split equally between you and the author. So that would be around 5% with benchmarks that raise it to around 7.5% when you hit them.
Royalties are calculated as a percentage of book sales. For example, an author might earn 7.5% royalties on every paperback sold and 25% on every eBook sold. Royalties are typical in traditional publishing, where Authors sell the rights to their book to a publisher.
Bestselling author Joanna Penn estimates that the average pay for a 32-page picture book is $3,000 $12,000, meaning a 32 page book with 20 illustrations equates anywhere from $150 to $600 per illustration. Publishing expert Anthony Puttee estimates a slightly lower standard rate of about $120 per illustration.