I have smithy in Seneon, it doesn't make money at all. I go there and buy a bunch of cheap tools at the market, completely depleting it's stock. The workshop will then make decent money, but the amount drops off back to nothing after a short time. I go back and pick up another stack of cheap tools and it repeats.
\n \n mount and blade bannerlord how to earn money

Getting money before caravans. The first and best way is to join a faction and get your first fief. The game makes sure that every lord gets one fief when they join a faction, and the player is no exception. It may take a little while, but your liege will grant you your very own fief.

Ronish May 15, 2021 @ 9:49am. I've got 3 workshops covering most of my wages for 100-person army. 2 wool workshops in the far east make 300+ each consistently (as of 1.5.9). Just resist the urge to keep upgrading your troops to max tier. A top tier soldier gets twice the wage of a mid-tier but is not twice as powerful.

Related: Mount & Blade 2 Bannerlord Prisoners Can No Longer Become Governors. Luckily for Mount and Blade 2 players, money is very easy to earn and there are lots of ways to do it. Between selling goods, completing missions, and killing enemies there is a large variety of tasks to complete that will award players with lots of gold.
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mount and blade bannerlord how to earn money