Nowadays, internet has become a popular source of entertainment. With the click of one button you can easily watch videos or movies of your choice anytime you want. With the introduction of video sharing websites, you can easily watch videos for free along with uploading and sharing your own videos. Thus, along with providing you entertainment these video sharing websites also provide you a platform that can make you famous overnight. You can very easily show your talent to millions of users available on these sites. YouTube has emerged as one of the most famous and popular video sharing website among users. In this website along with sharing and watching videos, you can very easily download your favorite videos and can watch them offline or when you are away from your home. But the main problem you often face in watching YouTube videos offline is that these files are available in flash video format which is not compatible with many popular media players. Therefore, in order to make these videos compatible for any player you may take the help of software which can be easily found on the internet. This software enables you to convert YouTube videos to mp3 format. There are several websites available on the internet which provides this application for free. With the help of these applications you can easily download and convert YouTube video at the same time. This may enable you to share as well as watch your favorite YouTube videos anywhere and anytime you want. There is a very simple procedure you need to follow in order to convert you favorite videos to mp3 format. You need to copy the location of the video you want to convert. Then you have to select the format in which you want to convert the video from the list of options available. For example, if you want to convert the FLV file to MP3 format then you may select the option of mp3 and have to press the option of “convert video”. It will take some time to convert the video to mp3 format depending on the size of the file. Moreover, you may convert your favorite YouTube video to mp3 even before downloading the file on your computer. With the help of these applications you may convert videos directly from the website.