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Kill higher quality armies. Sell prisoners, sell loot, and make around 2-20k per victory.
Step 2: get some units and food.
Step 3: find looter groups and use 'send troops' option to level your troops up quickly.
Step 4: repeat step 3 until you have a decent army.
Step 5: fight harder battles with better loot and sell said loot.
Step 6: profit.
Once the caravan money kicked in, it was smooth sailing, right up to a million coins.
All I did was fight for the first 50 hours. Then I added two more caravans.
Then spent my last 8 hours playing this game doing trade.
My caravans pulled in 500-3,000 each. They were in Sturgia territory.
I'm not sure what else to tell you, or why you're not making money.
Be careful with mods. They can affect the game.
If you really want to get yourself set up and going into the real game with a lot of power, but you don't like grinding, just cheat. Also I don't notice any change in caravan profit, they make eventually make around 1000 on most days in all my games.
Usually (that means unless the place is ravaged by war) you get cheap wood and hogs by the battanians, cheap grain and fish by the aserai (left corner) and cheap iron by the kuzhait.
Make a path across the world, pick up those items (unless they wage war there) and boost trade and your money.
Same as workshops on release brought huge incomes, but not anymore.
https://www.nexusmods.com/mountandblade2bannerlord/mods/135?tab=description
Makes the whole trading experience much smoother.