Royalties

How is an author paid for writing a book?

• Only royalties

• Usually, an author receives an advance on their royalties and then royalties twice a year after that if the book sells well

• The publisher buys the book for a set price

• Most authors sell their books themselves

How much is an author usually paid for each hardback book sold?

• 7.5% of the cover price

• 10%-15% of the cover price

• 25% of the cover price

• 50% of the cover price

How much is an author usually paid for each paperback book sold?

• 7.5% of the cover price

• 10%-15% of the cover price

• 25% of the cover price

• 50% of the cover price

How much is an author usually paid for each ebook sold?

• 7.5% of the cover price

• 10%-15% of the cover price

• 25% of the cover price

• 50% of the cover price

Usually, what is the most profitable way for an illustrator to be paid for their illustrations in a book?

• To split the royalties with the author

• To be paid well per illustration

• To write and illustrate the book themselves so they don't have to split it with an author

• To sell the original art

How long will an author receive royalties?

• For 20 years after first printing

• Until they stop printing new copies of the book because it's no longer selling well (when it "goes out of print" )

• Until the author dies

• The heirs will receive royalties for 70 years after the author dies

• Forever

How does winning a Caldecott Medal (award for best illustrations of the year) affect royalties?

• It increases royalties because the book will sell thousands of copies more than it would have and it will stay in print longer.

• It decreases royalties because the fee they charge for the Caldecott Medal is so high.

• Royalties don't have anything to do with medals.

• It increases royalties because the king gives the medal and gives more royalties.

What was noteworthy about this year's Caldecott Medal winner?

• She was the first Alaskan AND first Alaska Native to win the medal

• It was the first time the Caldecott Medal has been awarded for a decade.

• There wasn't a Caldecott Medal winner this year for the first time in a century due to COVID

• The book was the first Caldecott Medal-winning book that was set in Alaska.