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Romance readers are voracious buyers of backlist titles. Some used bookstores carry almost nothing else. A romance reader who likes an author will buy ALL their backlist and spend hours combing used books stores to find them My favorite authors I have been rebuying as they became available ($6.99 or less only). I've rebought hundreds of titles. So there is a market for backlist romances at least (science fiction and fantasy also). As for the cost of conversion that is a one time expense for many years of continued income. They don't need to make it all back in a couple months like the celebrity books that come and go so rapidly. Long term they could be a reliable source of yearly income.
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