First, go read this thing from Kevin J. Anderson.
Seriously. It’s not that long, and it raises some interesting points.
Okay. Got it? Ebooks. Backlists from people who have been writing professionally for years and have an established fan base are coming.
Which raises a question for me. I’ve always known, sort of back in the back of my head, that my books didn’t have to compete with just people who were writing today – with just the podcast fiction people or the self-pub people. My writing has to compete with Dickens. With Shakespeare. With Robert E. Howard’s Conan stories, and Burroughs’ Mars novels.