Create your own Unique Ringtone with Audiko, using their cut and share technology. Not only can you make ringtones from your own music, but you can extract music directly from YouTube videos. If you are like me and you think that paying to make a ringtone from a song you have already paid for through iTunes is not that great, then Audiko.net is your solution! Audiko has very simple user-friendly instructions for creating your own ringtones. Audiko will create your ringtone in the iPhone accepted format; all you need to do is drag the file into the Ringtones folder of iTunes and upload it to your iPhone.
Just see for Yourself: