» Wed Dec 07, 2011 4:11 am
As a side 'benefit' you'll also level up Speech from all that buying and selling, which will steadily increase your profit margins. I am doing this process on my character (have smithing at 60 and am about to work alchemy and enchanting), but with only Whiterun and Riverwood available the flow of ingredients and ore is somewhat crimped. Will be going to other holds soon in order to have more merchants with which to speed up the process.
One thing you will find is that for a goodly while you will actually be losing quite a bit of money in the exchange, however selling everything you find other than the materials you need will rake in quite a bit of cash. SCSA's suggestion of Fortify Health works quite well, as the enchantment is easy to find on armor; Fortify Marksman is another good one, you can usually find a ring or bracers with it in the blacksmith shop in Whiterun for a reasonable amount.
Fortify Marksman also works well for potion grinding, although you need to be careful which ingredients you use as a couple of them are rather expensive. Two things to keep in mind when leveling Alchemy: the more expensive the resultant potion the more credit you get, and the more effects it has the more it's worth. Thus, while a Fortify Marksman potion is a good basic potion to crank out, one that does Fortify Marksman+Resist Fire is even better. That combo is just an example, as I'm not sure if you can actually make it or not, but you get the idea. Such combo-balls are a great way to stabilize your personal economy, as some of them sell for stupid amounts of money and will cover the expenses for Soul Gems/Ore/Ingots/Leather that are incurred during the smithing+enchanting process.