I made 4 million just from spiritbinding. Considering you only have a few hundred k I suggest starting out with binding gathering/crafting gear. You'll get a steadier income. Once you build up a little nest egg, start grabbing DoW gear. It's more of a gamble but you can hit it big. On Balmung one tier 4 Savage Might can go for half a million.
You can always find spiritbind parties in Urth's gift near Quarrymill or ads in the party finder.



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