Meaning of the word "money making" in English

What does "money making" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

money making

US /ˈmʌn.i ˌmeɪ.kɪŋ/
UK /ˈmʌn.i ˌmeɪ.kɪŋ/

Adjective

producing a lot of profit

Example:
He's always looking for new money-making schemes.
The new product proved to be a highly money-making venture.