If you don’t have any software you can try out free online icon editor. You can create your fav icon and you know a should need a good fav icon. If you really wants to create a cool fav icon you can try out. You can upload photos from your pc and draw your desired icons. Save as JPG or PNG format too. It’s free and no registration required. If you need any help, just carefully read “how to use it” and hope this will work for you.

Image To Fav Icon Converter 

You have favorite images and you wants to use this imags as a Fav Icon. It’s simple and with in a short time you can create your own icon. This site helping you to generating fav icons and  supporting  JPG, PNG, BMP, GIF and easily manage for you to save on your pc. You don’t need registration but you can upload images, covert them and save your favorite icons and as well as use your icons to your site.

Some Relevant Tools Free Of Costs:

FaviconCC, GenFavicon and FaviconTool. and forMac you can try out this img2icns icon program.

Online Icon Maker : Create and Edit Favicons Online [via makeuseof]

Bradicon : Free Online Image to Icon Converter [via makeuseof]

Bradicon converts most any image into an icon [via lifehacker]