The 5ac 55hp rings sell well, but you have to make and sell a LOT of them before you even begin to make back what you spent to get the skill to make them.
Cultural smithing can produce some nice stuff. On Live my DE Enchanter had a nice set of cultural chain mail the allowed him to get rid of the stupid dress he otherwise had to wear. But, again, it was made by someone who had plenty of Platinum to throw away getting the skills and materials.
At lower levels in the game, it is better to spend your money on spells and in the tunnel for armor and weapons.
If you feel you MUST make your own armor, I would advise you to get smithing uo to where yoy can make Banded or Plate and sell it to lowbies for 1plat per ac. Or do tailoring for Studded or Reinforced for leather wearers. And stop there. Again, for what you spend gaining the skills, you could probably find better stuff in the tunnel.
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Everything will be alright in the end. And if everything is not alright, then it is not yet the end!
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