To make money at the start of the game you need to steal. In Balmora take the silt strider to Ald-ruhn or Molag-Marr. When you are there go to the gaurd towers and look in the boxes. Hopefully you come across expensive Bonemold armor. Take the Bonemold armor and travel to Caldera by the Mages Guild. When in Caldera head straight until you come to the first right. Turn right and there will be a building to your left. Go into this building called Gohrak Manor. Head upstairs to the Scamp. His name is Creeper. He is the only merchant that will give you a fair price for everything. what ever you do this is the only merchant in the game who you don't want to kill. Eventually his money will regenerate its self so you can keep trading with him.