I made quite a bit of money in 3.5 hours today from herbalism alone. I mean right now i'm leveling alts... about 40 of them, to level 65. Passive gold making is great, and on my server at least i can guarantee the sale of all goods made off of the tailoring/jc cooldowns (i actually have a bulk buyer already @ 135 per red/orange, 130 per yellow/blue, 80 per green/purple) Obviously i'll only make the first four types. It's been the plan all along to abuse the system with professions, but i'm not about to sit and level a bunch of groups to 80 just to do dailies which to me personally are as tedious as farming herbs/nodes.
Playing the AH is a great way to make money, and the way that some people explain it such as those blogs and boub are only part of the puzzle as you've stated. The problem with playing the AH is that in certain economies there are far too large risks with fluctuation in prices. So unless you can CORNER a specific market yourself then the gold made from such isn't all that much and you'd be better off spending that time you spent manually checking the AH farming or doing dailies in some people's case. Things like prices going up on weekends is an odd occurrence on my server that happens all the time unlike most servers where the "casuals" come on to dump their stuff. Cutting the gems you get isn't worth the extra effort really as you have to watch the AH, but if you want to bite and scratch for EVERY penny you can make then stuff like that and undercutting wars will occur and are part of day to day life on the market place.
The items on my server work far too much like a real world commodities market than i'd like to deal with in a game. The ability to abuse the market is far too dumb, especially when you are a "full" server with a varying 4-5 to 1 horde/alliance ratio based off of when "free transfers" happen. There are also bots watching the neutral AH so doing cross faction abuse is very risky as well for me.
For people in many situations i guess it can vary based upon server. There are tons of ways to make gold, most of them are boring and tedious. I guess the best thing we can do is just do what most of you apparently already are doing with passive money made off of cooldowns. But for those who are not able to do that yet and want to make GOOD money then the best bet is either to go with herb/mining and spend all your time in WG or mining/engineering and spend your time in sholozar basin. Sure it's tedious but even on my server where eternal fire is 20, earth and shadow are 4 each.... and saronite ore can reach as low as 13g per stack...mining still makes great money when coupled with engineering (8-12 eternals per hour is nothing to scoff at on top of titanium/saronite) especially if you have a 310 flyer and are a paladin.
Everyone is going to do their own thing so just do what you enjoy or don't mind doing. I personally don't mind the farming of herbs and nodes... but many people do. But if it is going to make me upwards to 2k an hour for nothing? That's more than enough to sway me to do that over other things.
Connect With Us