I'm a lev 38 and just made the switch to enchanting myself.
Here's my experience- it's tough
Enchanting, like many trade skills, is tough to get started in. When you first start off (up to skill lev 50) you can get the points from disenchanting. So your first 30-40 green items will help you skill up. Yes, you heard right... 30-40 green items. You'll need to find a low lev craftsman like a tailor or blacksmith to make green items for you at a cost of 10-25s in raw materials. (so about 5G so far)
Next, your low lev enchants are useless. You can't even give them away. +5 health to bracers? nobody cares. +5 mana to chest? nada. +1 str to bracers? can't give it away unless you have guildies who need it. Even a +2dmg to 2h weapons - which requires a shard (either a random low % disenchant from a green or requires a blue) won't get you a buyer willing to pay anything.
So... you end up enchanting the same bracers 25 times to skill up. I'm up to 105 so far with loads of cash sunk and guildies helping me with crafted items. Unless you have oodles of gold to spend at the AH buying the disenchanted esseces, dusts and shards it will take quite a bit of farming and crafting.
Also, the really pricy enchants are ones requiring formula drops. These alone can go for 10-25G...plus the cost of leving up... plus the cost of the raw goods. The amount that people charge for icy chill is not a huge profit center.
Was it worth the switch? uh... maybe. Sometimes its fun farming a low lev instance for green items. Will you make money at it? Doubt it.
Edited, Tue Mar 15 14:27:31 2005 by deemzzzz