Tekzilla co-host Veronica Belmont explains the step-by-step process of converting an iTunes song into a ringtone… right in iTunes.

Check out the video for all the details, and Tekzilla Daily for many more helpful how-to’s. Text highlights after the jump!

1. Go to Preferences (under iTunes on Mac, Edit on Windows)
2. Set import settings to AAC
3. Select the song you want to use as your ringtone
4. Right click and choose “Get Info” (cmd/ctrl-i)
5. Pick the Option tab
6. Set the start and stop time for your ringtone (no more than 30 seconds total!)
7. Right click the song again and choose “Create AAC Version”
8. When your 30 second extract pops up in iTunes (under the same name, check carefully!), select it
9. Right click the new 30 second extract and choose “Reveal in Finder/Windows Explorer (cmd/ctrl-r)
10. Change the extension from .m4a to .m4r
11. Import or drag and drop it back into iTunes, and voila, you have your new ringtone!

This is a story by the iPhone Blog. This feed is sponsored by The iPhone Blog Store.

Tekzilla How To: Make Your Own iPhone Ringtones in iTunes