In this podcast, I demonstrate how to use Reaper to import a piece of audio, select a portion of it, and export it to GoldWave in order to make a ringtone for the iPhone. Those wishing to make tones for Android may follow these steps, but no exporting to GoldWave is necessary. Just save it in Reaper and transfer it to your phone. Have fun!
If you're wishing to get Reaper and GoldWave, look no further: