Facebook ad

No, i haven't bothered advertising on Facebook. But i've heard the ads are more highly targeted than even Adsense and only shown to Facebook members who visited similar pages. Their demographics are very good, so your ad dollars are not wasted.

It wont generate much sales unless you have eye catching product to sell out.

That seems to be really interesting.
But when I try to download the video, it only have a filesize of 113 bytes. Why is that?

It will only be shown based on the area or what pages do you LIKE or if your friend have liked this or that page.
At at least 26k fans, the connections that my post could reach is over 12 million users. Isn't that cool?

Anybody tried out Facebook ad before?

I have put together some really helpful Video Tutorials about how to effectively use the Facebook Ads Platform.
I can basically get Targeted FB Ad Clicks for $2.03 Cents CPC any time, any Niche.
It's a secret that FB doesn't want u to know, and the reason why Adwords can't afford to give clicks this cheap is because there's a 3rd party involved (namely Adsense Account Holders) who get a "cut" of the profit from each Ad "click".
Plus, Adwords (and Adsense) are abused so much that it contributes to the cost of each click (just look at all the Gigs for people willing to click on Adsense Ads so that Adsense users will pocket revenues).

But FB Ads do NOT involve a 3rd party (which explains why YOU don't receive Ad Revenue shares from Ads shown on YOUR FB Profile or Page), therefore, Facebook can afford to give ad clicks for MUCH less, they just don't want YOU to know.

So even if facebook are suggesting £0.30 - £0.50 per click, still only put it at a low cost per click such as £0.04 - £0.08 ?
I always set the cost per click to lower than the suggested, but never that much lower because i thought it wont get any at that price.

YES !! But at the same time, RAISE your DSB (Daily Spending Budget) each time you Lower your Preferred CPC. You never want to actually hit your DSB, if you do then you're doing something wrong. You want to put it at something WAY higher than what you're really willing to spend (just to make Facebook drool) - this will cause you to get more Clicks because Facebook will be trying to hit your DSB each day, but will never reach it.
Sometimes, I will make my Preferred CPC down to $2.01 - then put my DSB way up to $450 - $750 - This will sometimes only result in $30 per day (which is the actual amount I wanted to spend in the first place) - But it gave me Clicks for $2.01 CPC.

Hope this helps,
Thanks

Yes, it does. that's what I originally used it for. That's how I got all my Fans.