Test ads in Facebook

Tysongo

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What's the best practice to test ads correctly in Facebook?
What I usually do is to duplicate the ad(just the ad not the entire ad set) and turn off the ones that perform worst after they all spent 20$.
Is this method is good enough?
 
Test 1 campaign - 3 ad groups (3 different audiences) - 3 different creatives. The budget is $300 for the advertising campaign. That way you'll understand what kind of audience you need and what kind of creative they like
 
test for 1 campaign, spend like $10 a day
 
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