Can I charge people to advertise on my facebook page?

[Anthony]

Some friends and I are thinking about creating a type of newsletter page on facebook in which we would promote locally owned businesses. We would charge something like $35 to place an add on our wall, similar to a newspaper.

My question is, is this legal?

I have been going over facebook's terms of use and I'm not coming up with a clear answer.

[Dristen]

Before you even start advertising you need to gain a bunch of friends and post about it for free to even get company's interested in buying to advertise I'm pretty sure you can advertise they would just need to pay you through pay pal

[debbie]

I wouldn't listen to any Yahoo Answers users, most of them are prob. just guessing. I'd play it safe and talk to an attorney.

[abraXus]

you arent going to make any money doing this.... try if you like, but you will eventually see that it's pointless and probably does violate facebook's terms of use - they have strict rules about 3rd party advertising

[Lenny]

Here are 2 links about Facebook's Ad guidelines and what not

https://www.facebook.com/ad_guidelines.php

https://www.facebook.com/help/adpolicy