Paying $0.99 for a single ringtone is way to much especially if you already bought the song from iTunes or have it available on CD or as mp3.The funny thing is that Apple introduced a new format for ringtones with the extension .m4r which is simply a renamed .aac file which are the files that you download when you make a purchase at iTunes.
If you already have the .aac file on your hard drive you simply need to rename it to .m4r and add it to your iTunes library. It can't be easier than that, don't you think ? The method to create ringtones for your iPhone changes a bit when you have files in a different format on your hard drive.
The most used formats are mp3 and ogg. What you need to do is to convert them into .aac format and rename them to .m4r again. A software that can convert almost any audio format is DBPoweramp. Just run the software and convert your music, or the songs that you would like to have as ringtones.
Update: DBPoweramb is no longer freeware and we suggest you use a different program for your music converting needs. Hamster Audio Converter is a free easy to use program that you can use to convert audio files into aac format.
Just add files from your local compuer to the program and pick the desired audio format from the list. You can either pick an output format by device, by selecting Apple from the list of manufacturers, or directly the aac format if you select to pick one from the list of available audio formats. Once the conversion of the songs is completed you only need to rename them to m4r to turn them into ringtones.
You can alternatively turn songs in iTunes directly into ringtunes which basically involves the same process only in iTunes (converting to aac, renaming to m4r).
Ghacks is a technology news blog that was founded in 2005 by Martin Brinkmann. It has since then become one of the most popular tech news sites on the Internet with five authors and regular contributions from freelance writers.