To start with when you're using P2P woodcutting to make gold there are a few massive advantages you instantly can get over F2P. To start with your equipment is immediately a lot better and you are able to open up the possibility of wielding the dragon hatchet. Just like the steps up from adamant to rune, from rune to dragon there's an even greater step which mean that they're much better to use. They mean you cut logs quicker and hence make gold faster.
Location location location. Being able to cut the logs quickly is one thing, but having a large amount of trees within close proximity to the bank also vastly speeds up the cutting process. This isn't just making you money, it's allowing you to train the skill a lot faster. But looking at it from a purely money making perspective, because you're able to quickly bank your load of logs and return back to woodcutting on a per hour basis you'll be making money. Their proximity to the bank is important, but what's also important is the fact that there are also greater numbers of trees. Whereas in the the F2P Runescape world there are only a maximum of two yew trees close together (in Varrock castle) with a third a small distance away. In this area they're also quite far from the bank, not so much in terms of distance, but because you're winding your way through the castle it can be definitely time consuming if you want to make it to the bank quickly and then get back.
Two yew trees near Varrock Castle |
On the other hand you can find a much larger amount of yew trees west of Catherby, there are around five yew trees which are closer together and a shorter distance from the bank.
Five yew trees near Catherby |
Finally the last important thing is that the best type of log you can cut on free to play worlds are yew trees - and these tend to sell for around only one third of the price of magic logs which are members only items. Magic logs definitely do take a substantive amount of time more to cut than yew trees, which mean at lower woodcutting levels they're not very suitable for making money. But with a dragon hatchet and a high woodcutting level it's a lot easier to cut them and hence even more money is made. Combine this with summoning a beaver to help you with you Runescape woodcutting as well as shorter travelling times to and from the bank and you've got a pretty good money making method right there on pay to play!