Setting up your own online business can be a lucrative venture, especially if you have an eye for a globally-appealing enterprise. However, securing necessary funding can be challenging. Here are a few options to help you out if you're scrounging around for money to start your business.

1. Savings

If you already have a stable job, you can just squirrel away a portion of your earnings. It will take time and patience, but putting a clear goal in front of you can do the trick. It's one thing to save money for some unseen future event, and quite another for a venture that you have set your sights on.

2. Bank Loans

Most banks are ham-fisted with loans, but it is still worth trying out. Your odds improve if you have collateral to put up, like your car or house. Do remember that banks prefer to loan to businesses that have a solid track record. This will be good to remember later on when you plan to expand your e-business.

3. Credit Card Loans

This is a quick, convenient, and incredibly expensive option for financing your e-commerce venture from scratch. The interest rates can keep you in debt for years if you aim only to make the minimum payments. The risk may be worth it, however, if you have good proof that your venture will bring in good profits.

4. Government Loans

If you know how to manage paperwork and are willing to provide detailed reports, then approaching the government for help can be a good idea. The US Small Business Administration (SBA) or its equivalent in your local government is a good place to start.

5. Social Loans

Never underestimate the cash you can get from friends and family. Do note, however, that you will be putting personal relationships at risk with these kinds of loans. These can be problematic in their own ways, especially when you have trouble with making payments.

6. Micro Loans

some private companies specialize in lending anywhere from $500 to $35,000 to promising businesses. These entities are more lenient than a bank or government lenders and you can only borrow so much. They are, however, very for businesses starting from scratch.

7. Equity Financing

If you are willing to relinquish some profits or partial control of your business, you can promise shares for cash to potential investors. This is how some angel investors like to work with startups, though most prefer seeing a growing business before buying up shares and/or stock.

8. Crowdfunding

If your business is offering a niche product or service, consider the crowdfunding route. You can appeal to donors, who will contribute cash to your venture in exchange for goods and services at a future date. This will only work if you can tap a high-paying customer base whose needs are not fulfilled by existing enterprises.

9. Dropshipping

Why let products sit in your warehouse when you can have your supplier ship the products to your customers? Dropshipping, lets you pass the expenses of shipping and storage off to your supplier. Your job will be to sell your supplier's goods and to pass on shipping details to your customers. While this will not directly finance your startup, it will significantly cut down the amount of money you need to get your business up and running.