I'm having the same types of problems.
My main is level 39 and now a 240 enchanter/240 tailor. I found out early on that I could co-level tailoring and enchanting by mass-producing greens, disenchanting them, and using those mats to repeat yellow or orange enchants on my gear. It worked well until recently; at first I was able to tailor effectively without buying anything more than thread, but now I need to spend more on crafting the cloth items and find that I can usually sell those items for more than it would cost to purchase the ench mats I need... which evens out instead of producing a net loss. But I'm certainly not making any money.
I actually really love enchanting, but it's ridiculously pricey. I have 2 bags full of mats in the bank, some of which I can't use yet and some of which I have already surpassed (Soul Dust etc.) However:
- I can't sell the low-level mats for more than a pittance,
- with so many 300-375 enchanters on my server, I can't ask for a fee for my enchants, even though the shards I need cost 1-2g each,
- if I enchant "for tips", I only get small amounts of silver (with one or two exceptions),
- I'm feeling extremely lucky to have high-level friends who help me with gold.
I'm finding that I won't be able to make a dime doing any enchants until I get Fiery or better, and even then, I'll only be able to charge for it *if* I have the mats myself. If I don't, I've heard rumor that hardly anyone is willing to pay much more than the materials cost alone.
One of my good friends has pretty much told me that enchanting is something you do for yourself, for your friends, and for your guild. lol, I don't think he's so far off. I may begin d/e'ing those lower greens and selling my stacks of lower level mats just to bring in a little coin.
My suggestion is: if you love enchanting, keep it! If you're in it for the money... don't. If you do keep it: ask for small fees, if you ask at all, but on larger servers don't expect people to come to you and pay if you don't have rare enchants. Keep a stockpile of stuff you need for your own enchants and for your friends. And every once in a while, you'll be surprised by a nice guy who actually gives you a nice tip. :)
And be happy that you have the power to make those weapons glow.
As for me, I'll see if I can't make a little cash from those extra mats lying around.