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Channel: Finance – Business of Illustration
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Book Royalty Rates for Illustrators

Congratulations, you got your first book deal! Now you’re probably wondering, “What royalties will I be getting?” Well, it varies. Let’s break down some areas: Book cover art Typically, there are no...

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Basic Money Management for Illustrators

As self-employed freelancers, illustrators need to pay particularly close attention to how they manage their money. Do it correctly and you can pay your taxes easily, save for your future, and retire...

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You Should Get an EIN#

If you’re a freelance illustrator working professionally in America, you should get an EIN#. Here’s why: In order to receive payment, companies need a tax ID number to process your invoices and report...

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Pay the Writer

I’ve always loved this Harlan Ellison video and just stumbled across it again recently. It applies just as equally to illustrators as it does to writers. Video Post The post Pay the Writer appeared...

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How Illustrators Receive Payment

So, you’ve wrapped up on your first illustration assignment and are ready to get paid. Congrats—that’s a big first step! But now you’re wondering how your payment will come in from your clients once...

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Illustration and Taxes

For illustrators, taxes work a bit differently than from those working regular 9–5 jobs. You’re essentially your own small business owner and need to treat your taxes as such. Let’s take a look at some...

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What to do When you Haven’t Been Paid

Late payments are the bane of every illustrator’s existence. So what should you do if you have a delinquent client? Let’s examine the scenarios and tackle the remedies. Firstly, it’s important to note...

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Do Illustrators Charge Sales Tax?

Should an illustrator charge for sales tax when submitting his or her invoice? Though the laws differ slightly from state to state, in most cases the general answer would be “no.” Sales tax typically...

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What Should Go on an Illustration Invoice

Who doesn’t love getting paid? It allows you to do all the things you enjoy like eating, wearing clothes, and not dying in the streets. So it’s a huge bummer when your payment is slowed down because...

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Should I Work for Free?

No. OK, maybe that’s not a terribly nuanced response, so let’s try again in a bit more detail: No. Never. No way. Not at all. Under no circumstances. Better? No? Alright, I’ll give you a few of my...

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Pricing Your Illustration Work

Pricing your work is one of the most stressful things to do in the business of illustration. Asking for too much money may cause the client to walk away, but asking for too little will leave a lot of...

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Startup Costs

While it may seem like simply creating art in your bedroom, when you begin your career as an illustrator, you’re actually starting your own business. One of the things you’ll need to be aware of are...

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