Now if your not a Level 80 who just rolled a new toon (alternate character) and given him/her money and if you dont have friends in high places who will just give you money then you will have to start making your money the honest (?) way.
First things first, pick up almost everything and sell everything. Dont let something pass which is worth gold, the more gold you have the more you can make (or loose).
Secondly try and get a gathering profession as soon as you can. These include Mining, Herbalism and skinning (fishing also counts but not as easy/profitable).
Herbalism takes time to get the good profit:work ratio herbs whilst mining is hard as veins are not always available and it takes ages to level so you can mine the good stuff. Skinning is an easy and great "partner" profession as almost anything you kill can be skinned and the leather sold and seeing as you will kill things a lot you will also level this quicker and get more materials (mats).
Dont get me wrong, I am currently using mining and herbalism as my main professions and if you want to make some good money then I would recommend getting two gathering professions as well.
You can always roll another toon or swap your profession at a higher level when you got enough money to something else like Jewelcrafting etc. but at lower levels two gathering professions will aid in your money making endevours as you will have no need for the mats you gather and thus can sell everything and make money.
So lets start with the processes I use.
Using Auctioneer:
This is actually very very simple, try and log in as many times a day as possible to scan the AH.
The more you scan the auction house, the more realistic/accurate the data will be and soon you will get a feel for what stuff sells for.
A scan takes approx 10-25 minutes so I start a scan when I eat breakfast, when I return home from work and just before I go to bed.
Now when you post items on the AH auctioneer will track those items and even allow you to undercut the competitors.
Gathering your way to some money:
Use your gathering professions as much as possible (just be weary when you reach your expetise cap i.e. 75 Mining as you wont level mining unless you go to a trainer first).
Example:
In most starting areas of the game you will get copper veins and gather anything from 1-4 copper ore from each. Meaning that after 30min or so of running around and mining from a area such as Dun Morogh you can easily have 1-2 stacks of copper ore (1stack = 20pieces).
When returning to town or whenever close to a forge you can convert these to Copper Bars.
Now on my server a stack of Copper Ore fetches about 1.2-1.8G and a stack of Copper Bars can fetch anything from 2.3-3G.
Keep in mind, you might think no newbies will be able to afford that, but most alternate characters (i.e. the main char is Lvl. 80 and rolled a new character) will just want to level professions fast and have the money to spend so believe me when I say you will sell your mats quite quickly on a busy server.
Making money from junk:
Once my toon is past level 30 then I will release my secret items for sale untill then I will leave you with this glimmer of monetary hope.
Go to all stores/mechants and with auctioneer installed move your mouse over all the items.
Dont bother with the normal crap like Anchk's and Bread etc. but over things you dont normally see. Recipes (cooking, alchemy), patterns (tailoring) etc will sometimes offer you really nice surprises.
One such example is the Pattern: White Wedding Dress which can be bought in Stormwind's mages quarter for +-95 Silver and sold on the AH for anything from 3-5G.
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