TL;DR: Champion equipment is an investment for long term profit. Two different type of equipment, one raises % of success, other gives back materials on mission completed. Best item is 10% per troop, but you need 1 Ofuscation Vial. Magnetic Mining Pick and Disenchanting Rod are the best ones in material returns. You can break even with investment sooner than you think.
So gibblewilt is a special NPC. He is the only NPC that drops the Foremens Vest chestpiece. Generaly this transmog is a bra-less vest – making it VERY popular in the transmog community (I play on moonguard, and are highly invested in the transmog community, so I know). Anyway, even though the drop chance is hell on high water – snagging one can yield you profits of 50,000g or more. Whats better is usually noone can be found farming him, so you can camp an alliance character nearby, and kill him ever-so-often. Hes located just outside gnomergan.
Another question I am frequently asked is when should one use trade instead of the auction house. On most servers, the auction house tends to have a lot posted right after peak hours, say 1am server time. Combine this with the fact that a lot of people are just sitting in cities and not really looking to the auction house. This is where trade chat dominates the auction house. Tired players are looking for conversation to take their mind off of sleeping or boredom. If you can sell effectively, trade chat will make a greater profit then the auction house outside of peak hours. A few tips to polish those trading skills might include:
If you are not the leader of a high tier guild, do not worry because you can still make gold off of raids. This is the newly emerging GDKP runs that a respectable raider can put together (See why it is so important to keep a good reputation on your main toon?). Respectable raiders often take a few of their friends they can trust that have a lot of gear and bring random people along through the raid. Whenever a boss is killed, the items are auctioned for whatever base price you establish or more. You then split the money with your friends to keep everyone trying and happy, while you become richer without doing anything out of the ordinary. This seems like a perfect idea that can not fail, but it still has its risks. The tips below will help maximize the potential of the GDKP run.
The most simple thing is TradeSkillMaster. This AddOn shows you quite an amount of information in the items tooltip. In my opinion, DBRegionMarketAvg the best source. It tells me the price, an item was posted on all EU realms in the last 14 days. Why not DBMarket? DBMarket only shows you the items value from your server in the last 14 days. This value often gets manipulated. Some people start to post an item with a 500g value for 500.000 Gold on the auction house for several weaks. As a consequence, DBMarket is rising towards 500.000 Gold. If you use DBMarket with 100% and post your item for 500.000 Gold, nobody will buy it.