I stumbled upon a pretty nifty site that is just starting out called wowconomics.com. I think that the site has great potential and I'll share two posts with you that are extremly simple yet effective.
Enchanting Rods
The article is short but to the point, outlaying the value of crafting enchanting rods (the blacksmith ones, not their enchanted counterparts) for enchanters. Many enchanters power level with dusts/essences/shards prepared, but they end up buying their rods on the auction house. It's a no brainer to make each level rod and sell it on the auction house for an inflated price that more than covers the cost of mats. Be sure not to flood the market however, I'd say selling three per 48 hour auction cycle of each rod type is a good goal.
I disagree with the author on which rods to make. Wowconomics feels that only the fel iron rod, adamantite rod, eternium rod, and titanium rods are going to sell the best. Yes these are great sellers but some of the rods before BC sell even better and are all cheaper to make (players level the first 50-150 of a trade profession often in the same day they pick it up so the lower level rods naturally sell more frequently). Of his top picks fel iron rods will probably be your best bet in terms of profit for one very simple reason: People leveling mining spend most of their time in hellfire for outland skill ups. Because of this there are usually more fel iron ore/bars on the ah than adamantite bars and thus more competition. Bidding on six fel iron bars for around 6-12 gold will make you a ton of profit when you convert them into the fel iron rod (worth easily 34 gold according to thottbot, 25 gold according to wowhead, and 39.88 gold on allakhazam).
You can view the article from wowconomics here:
http://www.wowconomics.com/2009/01/enchanting-rods/#more-698
Leg Armor Kits
Another great post by wowconomics has to deal with making money off of leg armor kits. The mats for these kits are often found cheaper than the final product on the auction house. That probably is setting off little light bulbs in your brain to go buy the mats and sell the finished leg armor kits by the dozen, but hear me out first. These kits are bought infrequently by players and therefore can become extremely competetive. My advice is to not make more then four or five of each kit and to sell them one at a time.
You can view the article from wowconomics here:
http://www.wowconomics.com/2009/01/leatherworking-gold-guide/
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