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So far I've been saving everything I get from metal detecting since a good bit of those resources are used in crafting.
I'm not sure when I might need the stuff from metal detecting, so I stash it all in a chest. I now have a chest full of weird old objects that I have no idea if they will ever be useful or not.
Fish I cannot put in a chest, so I have to sell :).
Oh and this. He pays a lot for those and it will unlock new items he can make for you.
You can easily start off with around 1500 if you simply clear up all the shells and fruits before placing any buildings. While doing this use the mini map to mark any notable locations you want to mine at, also any good possible base camp locations.
Other than that I sell the bugs or fish nobody wants for hearts and make another 30-40k.
I make around 90k a day without even trying .
you can cast about 15 times before passing out so just eat before it gets to low and use a row boat or a jet ski to travel around. barracuda sell for 16000 each and yellow fen sells for 24k and if your lucky a villager will buy your yellow fen for 70k.
over all you can make about 700k in one night
also mark your map with pearl locations they sell for 5k each and they stack