If you are of the grinding mindset, you can of course grind your own essences to double your profit. This is not difficult, if a bit tedious.
You can find Essences of Water from high-level water elemental mobs. The two convenient places I frequent are: Felwood, or Eastern Plaguelands. Both locations are heavily farmed, and with the advent of the new warlock quests in Felwood that happen to be very close to the elemental area, the small area is often packed with 3 or more players competing for the spawns in the relatively small world of warcraft gold area. The Plaguelands areas are also farmed,
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