If you are stuck with Blacksmithing and Enchanting, you probably don’t have much luck making gold, and you should go level two gathering professions. :)

That being said, I know of one guy who makes a little with the following strategy.

Buy:

1x [Eternal Earth] 5-8g
1x [Eternal Water] 4-6g
1x [Eternal Shadow] 4-6g
4x [Saronite Bar] 1.5-2g (total 6-8g)

= [Eternal Belt Buckle]

you buy mats for 19-28g and the buckle sells for a minimum of 50g going up to 100g on weekends.

Thats up to 81g (-auction fee) profit per buckle.

Here´s another one, buy:

7x [Saronite Bar] 1.5-2g (total 10.5-14g)
2x [Crystallized Air] 0.5g (total 1g)

= [Deadly Saronite Dirk]

disenchanting this gets you 1x [Dream Shard]

you invest like 11.5-15g and the [Dream Shard] goes for like 19-29g on my server

So, typically Blacksmithing and Enchanting are horrible for gold-making, but this tip might at least help you make a little with it.

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Video Tutorial! Routes addon that makes me 1200g per hour!

Here is the MakeWoWGold.com video that shows how to use an addon that plots the shortest route between spawnpoints so you can gather ore or herbs quickly. Feel free to share it with your guildmates, post it in your guild forum, or email your friends a link to this site so they can watch it!
 

About Make WoW Gold

MakeWoWGold.com was created in February, 2006, at the urging of some friends who knew we were good at making gold. It became a game within the game, to see how much gold we could make, and what deals we could find. Once this site was created, other friends started contributing ideas. We finally converted it to a blog in December 2007 to make it easier to update. We would have done it sooner, but we were too busy playing WoW...