You can use your pet to solo for a very long time. It does pretty good DPS once it can dual-wield (I don't remember exactly when), it just can't tank very well and you can't heal it. The trick is to stun mobs a lot, minimizing the pet's incoming damage.
Charm is better, but this is only viable if you have a really high charisma. Like 200. If you have that - and it's one of the cheapest "full twink" packages in the game - then you can charm with great results from level 12.
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