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Attention Facebook advertisers.  Business is about to pick up.

With the economy in meltdown mode, Facebook, like many other online enterprises, is looking to ramp up the revenue.

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As part of that effort, the company is working on integrating Facebook Ads within Facebook Connect, thereby turning Facebook Connect into one big happy social advertising network.

A Facebook spokesperson had this to say about the initiative:

We are always looking at new opportunities for our developers but have not launched anything new. Last month, we did announce that we are working with a few developers to test the placement of Facebook Ads within their applications specifically on Facebook.com as part of our efforts to help developers monetize. The results of those initial tests will help us determine if and how we could extend Facebook Ads to additional applications and developers in the future.

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