As Facebook continues to grow, there’s an increasing number of brands advertising on Facebook. The number of Facebook advertisers in 2010 quadrupled compared to 2009, advertising revenue doubled in 2010, ad prices were raised by 40% this year, and Facebook is expected to serve over 80 billion ads per month. The key question is obviously: should you advertise on Facebook?

Let’s take a closer look at Facebook advertisements, how well they perform, what you should be doing and what you definitely shouldn’t be doing.

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