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I started a second caravan with a companion with 0 trade skill. Immediately, my first caravan stopped making money and the new one was pulling in 1200/day somehow. Then all the goods in the game tanked in price. Grain for 6 gold everywhere. My caravans were pulling in money still but I couldn't trade for a profit with my main character.

Yeah they changed it, there's no longer an upkeep cost but there's also no longer a daily income either, as far as I can tell you only get money when your caravan actually makes trades. but to be honest I haven't actually followed one around to be sure.
Not gaining even 1 XP on a 5-10k trade seems rather odd. I know that the amount of XP you need to level increases, but the base value for gaining XP should be the same. I used to gain XP even on smaller profits in the 500-1k range, but not any longer. alright now try the same trade with a caravan that doesn't reduce its prices after 10 items
M ount & Blade 2 Bannerlord can be a very challenging game, and there is a steep learning curve, especially at the beginning. Even players who are veterans of Mount and Blade: Warband may find themselves in the deep end, so we’ve decided to put together a couple of guides, showing you a few things that might just make getting started, that bit easier for you. It is now making a steady 400+ gold ever since returning to its starting point. Trade skills up pretty fast for your caravan companions. You're better off looking for other skills such as riding and scouting for faster map speed, tactics leader medic for better fighting, and let their trade skill up while they go. The subreddit for all things dedicated to Mount and Blade 2: Bannerlord. Caravan is a bad choice to make money , but a good way to train skill . Think of it as
Never pay for upgraded caravans. All that extra 7.5k does is upgrade a few caravan guards to veteran caravan guards. It doesn't increase the caravan size or anything else. Just not worth it. The other thing, they might be attacked by looters, but once the battle commences, every bandit group in the area will pile in.
To start a caravan in Mount and Blade 2 Bannerlord, you need to have a certain level of trade skill and a sum of money to purchase a caravan. First, go to a city and find the marketplace. Then, talk to the trade master and select the “Caravan” option. Indeed, everything a caravan gets captured, you'll need to first go and meet up with your companion (he might be in a far away city as well) and then recreate a caravan for 15k. Make of that what you want. Good luck ! Damn, so we need good warriors to lead those caravans. Location and possibility of enemy raiding troops nearby have become a point to be considered when creating a caravan now. When you talk to a caravan in game, you will see that they are worth about 15k if new. After a while the amount of money they have will decline, but the amount of wares will go up. If successful, their wealth will go up, as If you assigned a companion to a town as a caravan and they get captured then released you have to pay the large price AGAIN to establish a caravan in the SAME TOWN you just established that companion before they got captured. But not before you go pick up their sorry a** from bumb f**k nowhere across the map in a settlement that is owned by the enemy. Mount and Blade Bannerlord EASY MONEY 8k+ denar profit per day is fast to get. Around 13.5k denar is all you need to start buying your first wood workshops
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Whenever you see the blade, check for the highest swing factor, like 3.5P, or 3.9P (these with the "I" steel pommel and "II" northern grip will give you like 8k for each Sell all the crafted weapons at the cities til you bankrupt them, buy a lot of things to sell like olives, butter, horses, whatever. yZPwC5d.
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