This post is written in contribution to Just My Two Copper's Gold Making Blogging Carnival. Hosted by Markco and Mageshadow over at Just My Two Copper. Check them out daily for gold making tips.
My 3 Top Ways to Make Gold In Cataclysm
Jewelcrafting has always been one of my favorite professions. Not only because of the cool perks you get with it, but because it is used by everyone. Everyone needs gems. This means Jewelcrafting is a never ending stream of money. I have made profits in Jewelcrafting by picking the Best Jewelcrafting Recipes to Buy and staying ahead of my competition. I'm always on the look out for cheap gems which I have cuts for. Currently, if you keep a close eye on the market, you should be able to earn anywhere from 30-70g per gem cut you have.
Also, making the most out of the New Jewelcrafting Daily has been very helpful to me. From this, I'm able to understand what gems to look for, and make easy profits everyday.
Finally, pairing Jewelcrafting with Enchanting is very profitable currently. On days which Jasper are not used for the Jewelcrafting daily, I stock up on them. Some go in the bank for resale, and others are made into Jasper Rings for disenchanting. Here is how I figure out if the formula is profitable.
Jasper Rings disenchant to at minimum one hypnotic dust. On average you get closer to two dust, and can also proc lesser celestial essences and small heavenly shards. So anytime Jasper is less then or equal to the cost of 1 hypnotic dust I buy them. This is very common on my server, and I know I will end up in the black once all is said and done. From my results, I pretty much double my money so it's a no brainer.
Oh yea, once again I am flipping. Flipping is often times a risky move. I tried it a little early at the start of Cataclysm and got burnt a couple times. However, I have found some items that are pretty easy to flip. I can't give you an item list, because they really vary. What I can tell you is watch trade chat. One thing players are doing is leveling professions rapidly and dumping their excess. This lends its self to being a very lucrative way to make gold. Keep liquid gold always on hand and do market research. Be ready to pull the trigger when the opportunity presents its self.
Probably one of the most underrated gold making opportunities right now is fishing. However, I'm cashing in. Fishing alone is great money, and when you pair fishing with something like mining, the results become even better. I also have a Carnival Post for Cold's Gold Factory that outlines fishing for Volatile fire. One of the best Gold Per Hour investments for me in the game right now.
To sum it all up, I'm making 90% of my income from Jewelcrafting, Flipping, and Fishing. This trio of skills has netted me the biggest return on time invested. I hope this helps, because we all need to have a Vial of Sands!