To make things short, it’s all about stealing and selling what you steal.

The higher your rank, the more fences you’ll be allowed to contact.

After each quest you are informed how much money you gotta fence before the next one becomes available.

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The stolen goods are marked with a red hand in your inventory.

you’re free to’t sell them in ordinary shops.

Where do you get them?

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Well, you steal, of course.

Steal from houses and pockets of every possible NPC in Cyrodiil.

Sneak and Security are a must here.

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The Elder Scrolls IV: Oblivion