At level sixty things get a little different as there is a wealth of really cool items on the Auction House, but their prices have been inflated by wow gold sellers. I'm going to say this now: it's a bad purchase to buy any purple item off of the auction house. Before level sixty you should always try to have enough money to buy equipment upgrades along with skills. Everything past that should be saved for later levels (don't splurge on unnecessary things).
Therefore you really only need cash for an epic mount, repairs, and consumables. Dire Maul takes roughly an hour and a half per wing while Scholomance and Stratholme take about two hours. UBRS provides a wealth of loot as well and takes a variable amount of time. You can get almost as good items from running various dungeons which take only a few hours of your time and produce several items a run.
With that in mind, the best idea to make wow gold is just not spend it! You should only spend money on things you need badly, like repairs and skills. If you aren't level sixty and want some good battleground items, don't worry! You can run instances you've already completed to get loot drops. You may not get the quest XP/ wow gold but you'll get the elite enemy XP and plenty of additional blue items.
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