We have already posted an article on how to download videos from websites like Youtube, Dailymotion etc. But today I found a great conversion tool which enables you to convert YouTube videos into mp3 format.

Video2Mp3 is a free YouTube, MyVideo, Clipfish, Sevenload, Dailymotion, MySpace to MP3 Converter and allows you to convert and download a video to MP3 file online. This service is fast, free, and requires no signup. All you need is a Video URL, and our software will transfer the video to our server, extract the MP3, and give you a link to download the audio file. So you are able to listen to your favorite YouTube tracks on every MP3 player.

To convert and download the video, enter the URL of video from any YouTube, MyVideo, Clipfish, Sevenload, Dailymotion or MySpace page.

Select the quality and click Convert. Once the conversion is done, it will give you a link to download the converted file.

And you are done.