Enchanting is great if you want to make money from disenchanting. Making money from enchanting things is not quite as good, in my opinion, but it's a useful skill to have to enchant your own gear.

Mining makes KILLER money at higher levels, BTW. A single stack of adamantite ore sells for 30g on my server. On top of that, you get motes and such as well, which often sell for ~2-3g a piece.