Cimeara
Miz Lina
The only real way to make good money off of Alchemy is by making Philosopher's Caches and selling them in the MP. You can make each cache for almost free if you farm towns, zOMG!, and Fishing for the components, and they sell for 100-150k each. It's a little time consuming, but it does make a profit. Bonus is you only have to be level 1 to make them, and you get exp for them up to lvl 3.
The one caveat for this strategy is that Philosopher's Cache is a low success rate and we've been hearing horror stories of it taking 10-20 tries to craft one if you're just starting out in Alchemy. If you're having trouble getting it to work, craft Orb Aggregates or more Starter Kits to get your alchemist level up higher and then the Cache will be easier.
That's a good point, hadn't thought of that. Personally, since I've bumped up to lvl 2 I haven't had a Cache fail yet, but I know that multiple failures are to be expected... plus with a 2.5k cost to craft, that can cut into your profit pretty significantly.