LEVELS 29-40 IRON Items. In this OSRS GP bracket, you must make the most efficient iron products using iron bar be able to create. Think of Iron Platebodies. Leveling up to 40 should take around an hour with about 1000 bars to be used. As mentioned before the best location for this is in the western part of Varrock and you can begin making all your parts for Armour there.
LEVELS 30 99 GOLD BARS BLAST FORCE. The most rewarding experience rates you can get are by the smelting of gold bars up to level 40. Blast Furnace minigame where you have the ability to melt gold bars. This is why many players are taking this route. Making use of Goldsmithing Gauntlets during this training method is essential as it can dramatically improve your experience as well as gp per hour.
To start of, change this world into one of Blast Furnace's official Blast Furnace worlds. If you're less than level 60, ensure you have some gold coins as you'll be required to pay Blast Furnace Foreman at times to time. You'll also require stamina potions as you will be exhausted after a just a few minutes. This method can provide amazing experience rates especially on lower smithing levels but is very costly. For levels ranging from 40-99, it takes about 65mil (after selling bars made).
LEVELS between 74 and 99 ADAMANT Tips. A different method to the Blast Furnace which is very expensive is crafting adamant dart tips from adamantite bars. Level 74 is required to produce these with some profit. However, this isn't the only benefit to using this method, as the process of making dart tips is AFK comfortable. While doing this method it is possible to receive around 60kxp/hour which is quite decent. If you choose to take this method, be aware that you must finish The Tourist Trap quest beforehand which teaches you how to create darts.
LEVELS 35 99 CANNONBLALLS. This is old school runescape buy gold among the oldest and most known ways to earn money that require Smithing expertise. In order to accomplish this it is necessary to complete Dwarf Cannon Quest and bring Steel bars to bring with you which can be used to make Cannonballs. If you follow this procedure, it will earn you 10k exp each hour and more than 100k gold. Although it's a decent cash-maker at lower levels, there are better options in the future, so be sure you change to higher compensated ones. The slow gains in experience are not worth the effort.
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