Been playing for about a month now but the corp i am in (E-UNI) dont let us go into 0.0 space, so no PvP for me yet.. what I want to ask is does PvPing actually makes you isk?
It is possible to make isk from PvPing. The most money is normally made by catching somebody hauling expensive goods. Otherwise, vs another attacking entity, you will make money from either collecting their "loot" from dropped fitted modules, or by ransoming them so they may remain alive.
However, it normally depends on whether you are solo (on your own, so you claim all the money from a kill) or within a corp (and how they deal with loot). Some corps will make it "first come first served" to a wreck and its just a race to who makes money, others collect it all and split it equally.
Therefore it comes down to risk vs reward, the more people you fly with, the less money you will make but the lower chance you will die. But then again, the more people you fly with, there may be rewards by fighting large groups with more loot to collect.
It also varies depending on where you pvp. If you fight in empire with wardecs, you will probably catch more haulers and un-defended targets with high rewards (but rare to find in large areas), whereas in 0.0, you have free-reign to catch npcers/miners/other attackers, but will run the risk of being attacked and dieing more, reducing your profits.
And obviously, you will probably struggle to make money first, and will hopefully make profits when you gain skill and knowledge and die less often.
From my experience, when I was pirating I made money, as we ransomed and split loot equally between relatively small numbers. However, in 0.0 I hardly made many profits as loot would be donated to the corp hangers, or it would be first come first served, and besides you play for fun not money in 0.0 mainly.