WOTLK and Cata were my goblin training grounds as well (I remember fondly making 30k on a single day after a patch day with Inscription), but since Im only at Legion levels, Im struggling to find oportunities where to start invest and make profit. I've been carefully paying attention to the market and picking small batches of mats to flip. After 6 yrs out im slowly starting to pick up (so far i think i made 100k in a couple of months).
Professions are skills used to create and enhance items (gears). You will start with one skill once your character has learned a profession. When you use the profession, your skill will increase. A profession’s higher skill will allow you to create more powerful items. If you change a primary profession, you will lose any skill you have made with your original profession. So it is important to choose your primary professions wisely.
Sky golem is all profit if you do the smart thing and run old panda farms on multiple toons. Was running 10 farms at one point till bfa launched and was upto my eyeballs in trillium and Ghost iron. Just not been doing it lately, but those 10 farms was an hour a day if that and sustained 4 crafters and alchemists though could have sustained 8 easily.
There are also numerous gold-making guides available for World of Warcraft players. Currently mmobux recommends Killer Guides' World of Warcraft Gold Guide, which covers a broad range from daily quests and professions to making gold while leveling and auction house trading. 'Standard' farming spots are covered as well, making it an interesting resource for bots as well. Yielding up to 500 gold per hour, the strategies are suitable for players of all skill levels. If Killer Guides keeps the guide up to date, it probably will become a valuable resource for professional farmers as well. There also seems to be a German-language version available: WoW Gold Guide (German)

Professions are skills used to create and enhance items (gears). You will start with one skill once your character has learned a profession. When you use the profession, your skill will increase. A profession’s higher skill will allow you to create more powerful items. If you change a primary profession, you will lose any skill you have made with your original profession. So it is important to choose your primary professions wisely.
Similar problems have risen in the leveling system, which automatically scales to the player’s level and equipment. For the most part, you’ll vaporize enemies more quickly as you gain power, but there are some weird dips. Many players complained they felt less powerful at level 119 than at level 110, a problem I experienced myself. And world PvP remains a strange and whacky world where level and class balance issues make wins and losses feel destined instead of earned.
Unless Blizzard has some real story shake-ups and a phenomenally tuned raid on the horizon, I’m honestly expecting the sharpest player decrease to set in within the next few months. The expansion itself has some interesting ideas, but sticking to a World Quest grindfest is quickly becoming the norm, and the Island Expeditions aren’t exactly exciting.
The point is the sale price never be the same, and never will, as entropy increases further, the sale price will always drop, since its something that people get and they forget, there inst any reason to buy more than one. So your margins will always be lower than yesterday, if you want to keep your income (more effort same reward), furthermore add scrapbot to the formula and your margins will be lower.
If you're a new player and buying gold (for some startup money) isn't an option, there's nothing wrong with gathering (especially if you're getting BfA...it'll be good gold initially if you farm BfA mats and sell high). You can make pretty good money just flipping stuff...and because Legion items are super risky now, it's a good time to get spirits of harmony (just buy what you can and sell it in in bigger stacks at higher costs or turn it into ore/bars or lotus to sell when that is profitable). I'd avoid putting all of your gold there though. Sometimes a bot or just someone returning to the game will dump 10+ stacks of 200 spirits cheap and tanks the markets for a bit. Flipping (if you get good at it) will make you more gold in than long run than farming but if you don't have much gold either is a step forward from here. They key to making gold is having the flexibility to lock up most of your gold in items and wait patiently to sell them at a good price but you gotta start small (or cheat like me...when I came back in December I just spent $100 on tokens and haven't spent money on anything other than the Collector's edition since. It's a lot easier to make gold if you already have some.
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The WoW Token allows players to exchange real money for gold in a secure and sanctioned way—together with the ongoing efforts of our developers, support staff, and anti-hack teams to stop the exploits these companies use and help players who have become victims of their operations, we hope the Token can help make World of Warcraft a safer and more enjoyable game for all of our players.

JC Panthers: Instead of breaking them all down like I did with the golem, I'll just note that currently on my server the Orb of Mystery and the Living Steel combined cost 36,000g. All of the panthers, except the Onyx, sell for 32,000g. A loss of 4,000g/unit, not including the gems. Once we factor those in, at a mean value of ~200g/unit, the loss per Panther jumps to 8,000g.

A variety of people use professions in this game for different purposes. Some just use them for their own needs and some use them because their game is making gold on the auction house. This is part of the problem since blizzard never seems to be able to please both groups lately because they don't spend enough money on that aspect of the game to offer enough of a variety of patterns/recipes.
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"The way the glyph market works on most realms is that there are a couple of people willing to put in the long hours who will have every available glyph posted profitably, and undercut within minutes of being undercut. They all reduce the price very minimally when undercutting, and the "competition" isn't about price, it's about who can relist more frequently.

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Consumables (Alchemy, Jewelcrafting, Enchanting) – When I have gotten a toon to max level and managed to get all of the end game recipes/ranks, I have done well. However, I never have much luck with the lower level items. It feels to me like if someone is going to buy a gem, enchant, or flask, they want the best one or none at all. Maybe that comes down to the servers I play on, but it does make sense compared to how I play my own toons. I either am going to gear up a toon for endgame or not worry about it at all. Alchemy does have the benefit of transmutes which even the low level ones can make some decent gold. JC does have the MOP mounts and pets if you can get the recipes for them but otherwise these professions feel like max level or bust to me.
But every new character made that wants to craft old expansion stuff will have to level using expansion specific materials. Stocking up on profession materials that are already high in demand can be a great idea. This will primarily be materials used to craft the various mounts. Ghost Iron, Trillium, Living Steel, Pyrium etc. are all great candidates to stock up on. 

Those are low prices indeed! In those cases, just look into something else, but there's always gold to be made, as you pointed out :) And there is no shame in being unefficient, not everyone wants to spend their time getting optimized for goldmaking, if you can pay for your month I think it's great already! That's what kept me into it, the fact that I'm paying by playing, I love it
You will get the recipes for these high level armors through a new discovery system. First you have to craft the base ilvl 355 armor (normal raid ilvl) which requires BfA Leatherworking 115. After you craft this armor, you will discover a new recipe, which is ilvl 370 (heroic raid ilvl), and after you craft one from the ilvl 370 armor, you will discover a new recipe for an ilvl 385 armor (mythic raid ilvl).
The amount of time it takes to farm the requisite 4,600 GIO per mount, for a profit of 44,000g per toon, per month, is not worth it when stacked against opportunity costs. It could be, feasibly, if there was enough volume of GIO being moved through the AH to sustain this and you were just buying it outright, but there is not. Hasn't been for years.
-Bugs- There aren't too many glaring bugs anymore, but you will certainly encounter some. The pathetic thing is that many of the bugs you'll encounter were reported repeatedly during Alpha/Beta and still weren't fixed. Some bugs were discovered after release and players were able to abuse game mechanics without repercussion unless they were one of the more serious offenders. This gave some players a significant advantage over others because they used exploits and at the start of an expansion, that is the time when it's most impactful.

Why are you saying this would cut your margins down? If anything, it would increase your margins because all those scrapper mats are gonna be sold on the AH driving down the price, so each item is less expensive for you to craft, so your margins get bigger if keeping the same sale price. So long term this would probably drive down your sale price just due to supply and demand, so you would have to sell more to keep the same income, however that’s unrelated to your margins.
Mythic+ rewards will also go up by 30 item levels; however, during the first week of Season 2, rewards from end-of-run chests will be capped at Mythic 6 quality (item level 385), and the chest you open next week will contain Season 1 rewards if you do a Mythic+ run this week. (So, for example, if you do a Mythic 10 during the final week of Season 1, you’ll get a Season 1 item level 380 piece and 60 Residuum from your first Season 2 chest.)
​How much effort are you willing to put in? The days of clicking the mission table and collecting a big pile of gold a few hours later are behind us. Our gold-making options for this expansion are pretty much just farming (materials or rare drops), flipping, and professions. All of those things are a time investment. If you're not willing to do any of those things, you're probably not going to increase your income.
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Set sail for the previously unmapped isles of Azeroth. Battle in groups of three as you race against cunning rival intruders—or enemy players—to collect the island’s resources. Constantly evolving challenges await as you traverse frozen landscapes near Northrend, open the mysterious gates of an abandoned Gilnean castle, navigate a war between elementals and more.
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In Battle for Azeroth, the fall of the Burning Legion has set off a series of disastrous incidents that reignites the furious rivalry between the noble Alliance and the mighty Horde. As a new age of warfare begins, Azeroth’s heroes must set out on a harrowing journey in search of new allies, race to claim the world’s mightiest resources to turn the tides of war, and fight on several fronts to determine which side will lead Azeroth into its uncertain future.
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