OK guys, in this guide i will show you a detailed method on how to make ringtones for free.
Step 1: Make sure that in your importing settings that you import using AAC Encoding.
Step 2:Right click on any song in your library (not purchased through iTunes) and click Get Info.
You should get a screen that looks like this;
Good, Now click on the Options tag. You will want to set a start time for your ringtone and a stop time. A good ringtone should be about 30 seconds, but it's your ringtone so make your own rules.
Step 3:Now right-click the song you just edited and click Convert Selection to AAC. This should only take a matter of seconds to complete.
Congratulations, you have now made a ringtone using a iTunes for free.
Now just go back into the info on your original song and unclick start time and stoptime.
Your song will be in your iTunes music folder under the band the song is from.
Now you can use your favorite iPhone file transfer software to put this song in your Ringtones folder in your iPhone.