The Merchant character (The player) Would never fight unless in the utmost extreme situations, carry a bow and iron sword (Just incase) Will be a master of blacksmithing, alchemy and enchantment.
His goal is to make money and become a millionaire.
The way he would make money at the start would be chopping wood or other methods.
What do you guys of role-playing this sorta character?

Personally I would find it quite boring because of my play-style, but I can see it being fun as a challenge, definitely

(I tried something kind of similar in the Sims 3, haha, I couldn't stick with it :/ )

You could maybe look at doing a bit of archeology, too: hire a support, and go into a tomb. You'd just kind of hang-back whilst your support does the fighting

Good luck if you go for this

This is something people could probably do once they practically do every single quest.

There are some carriage mods, if I recall correctly....that's definitely a plus. Also, economy-enhancing mods would be recommended.

My "Rogue Trader" character tried to make a million before level 50. Only managed 500k by that time, and even with speech perks maxed it becomes a grind.