On the 22nd of this month the Lunar Festival will begin. For those who don't remember or don't care the Lunar Festival is a holiday where we go all around Azeroth visiting our Elders. Each Elder gives a token and you can then go to Moonglade in Kalimdor and buy fireworks and dresses and the like with your little Tokens of Ancestry. There's a big dog in Moonglade named Omen to kill and that's pretty much it.
Until this year! This year we will see the arrival of two new pets the Festival Lantern (Horde Version) and the Lunar Lantern (Alliance Version.) For fifty Coins of Ancestry you can get your faction's version and learn it, or sell it on the AH.
But why stop there? So far we have a few examples of faction specific pets. There are the Argent Tournament pets as well as the enchanting pets so this idea shouldn't be new to most gold makers. These pets create a tremendous opportunity for gold making in a few different ways.
If you have toons of a decent level on both factions then you could just earn your own pets and swap them across. All you'll need is some neutral AH skills and, assuming you only have one account, a friend to help you out. New to the business? Check this out:
If you have enough gold on the opposing faction (or are willing to take a 15% cut to move a bunch over before the holiday) you can do the usual buy-low-sell-high concept. A lot of people will probably see a sellable pet and flood the AH with them. I'm not sure how these will be priced when they come out but unless your economy is completely screwed you will probably be able to buy them cheap and resell at a much better profit on the opposing faction. So if you're a Horde player add Festival Lanterns to your snatch list (Alliance hit up Lunar Lantern) and buy them out when they're relatively cheap. Move them across the Neutral AH and enjoy your gold.
Remember that this will be depleting your gold on one faction in favor of making more on the other. To keep your gold stores up on both factions be sure to be doing this both ways. While I don't personally care much about gold on Horde, for instance, I still would buy Alliance pets to sell to Horde to keep my gold up so that I can keep buying Horde pets to sell to Alliance. Winning!
This probably won't be quite as worthwhile but it's something of interest to mention. I know I will definitely be a Shopper this holiday season. There will probably be at least one person, if not more, per server trying to move pets across the Neutral AH. If you are the type to do this you may want to keep an eye on the Neutral AH zones (Booty Bay, Tanaris, and Winterspring) and snipe the pets as people attempt to move them. It's a bit shady and not my style but if you're interested in it it will be a great way to pick up a few cheap pets.
I love Fireworks. Especially when I can shoot them at my friends. While most people will probably spend all their tokens on pets you may end up with a few extra. For the past several years I've been buying Elune's Candles (using a MOLL-E to mail them then a guild bank to store them, as they are Unique) and then barking them in Trade throughout the year. Quite popular on July 4, New Years, etc. They're slow sellers but if you have the tokens to waste anyways no real reason not to.
As long as you're up there . . .
I always thought this dress was ugly as all hell but apparently a lot of people are interested in Formal Danguis. This item has a very very low spawn rate on Geenia Sunshadow in Moonglade so when you're bored take the moonbeam to Moonglade and check her out. Be aware that I believe the huge demand for this was because the dress once had a very high iLevel and could have nice higher level enchants put on it. That is no longer the case. However many people would still be interested in it because it is so rare, so no reason not to check.
While there be sure to pick up Pattern: Runecloth Robe from Darnall (sell the pattern or learn it, the dresses are nice for transmog,) Pattern: Felcloth Pants and Formula: Enchant Cloak - Superior Defense from Lorelae Wintersong.