Question

Ryan is an independent musician looking to finance a new holiday album. He has wide-reaching appeal with his soulful voice and expert guitar playing. He does not want to ask friends and family for money, as they have all given him money for previous albums. Ryan should consider:

Answer 1

crowdfunding.

Step-by-step explanation:

Crowdfunding refers to the method of raising money by using small amounts of investment by a large number of people to fund or support a business idea. It uses the power of social media and crowdfunding platforms to bring together a large number of people interested in the common idea to increase business by widening the pool of investors beyond the conventional circle of friends, families, relatives, and private investors.