Well, it isn't JUST the Alch transmutes themselves, although that's the payoff step. The reality is a bit more involved, though not a lot.
Step 1 - Buy Saronite Ore for 14g/stack (avg.)
Step 2 - Prospect; re-purpose greens for DE recipes and JC dailies
Step 3 - Purchase Eternal ____ from AH
Now for Math. Let's assume it costs me roughly 5g per blue gem from prospecting (it's actually less). And let's also say that the Eternal ___ costs 15g on average. Two recipes use Eternal Shadow, which can usually be purchased for 5-7g/each, and the other three fluctuate between 10-30 depending on the day. Anyway, 15g seems reasonable to me.
So, 5g + 15g = 20g invested per xmute. Assuming a 15% proc rate for xmute mastery, that means I average 7 epic gems per day from my 6 Alchemists, at a total cost of 120g. I sell these gems between 140-220g each, so let's assume 175g as the average. That nets me roughly 1050g once I take out original costs and the AH cut. I don't always sell out every day, so the actual number is lower some days, but my inventory nearly always sells on weekends, so those days net more. The same principle applies for cloth procs. And following Ualaa's principles, you can convert them into robes, gloves, bags, etc. for a better margin.
As for JC dailies, it's pretty straightforward. Invest 10-15 minutes, collect 13g for each toon, plus 90-120g per Dragon's Eye that you redeem. That's 100-135g per toon, per day.
So, once you level up the right professions, for a minimal investment of time (an hour of AH & prospecting every week or two, plus one daily), you can easily rake in 1-1.5K/day.
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