Do you bid the FaceBook recommended bid?

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I just started a new advertising campaign on FaceBook for a Home Business Opportunity that I am currently making some money with. I'm directing the ad clicks to a FB Fan Page and using one of the WSO Viral Scripts I purchased recently to see how it works.

After doing all of the graphic, text, targeting and other things I got to the "Recommended Bid". It seemed rather high. I only bid about 2/3 of the lower bid range.

Of course I am going to test it, but I was wondering where other people start their bidding. The ad is for a Home Business Seminar that I am running at a local hotel next weekend, so the ad will only be running for about a week. I targeted adults within 25 miles of my city.
#bid #facebook #recommended

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