I wanna create my first online business, but I'm not sure how to go about it and looking for some advice.

Got some experience with web-design, marketing, writing and photoshop which is a start atleast. I also got around 4-5,000 USD now to invest and the double
by the end of the year - not a lot, but should be enough to start.

Do any of you guys have any advice here? Mostly looking at dropshipping or print-on-demand, but open for anything.
Issue is that I live in Sweden and we don't have that many possible customers in this field for a new company/ website.
We also have truly annoying laws regarding import and marketing, so reaching out would be best if I don't find a great niche product.

Any advice is highly appreciated!