Lets Get Started - Texted Tutorial

Here is the original and edited photo side by side. The DuoTone function simulates different use of ink from printing. You can adjust what colors you want to use in the different pixels ranging from dark to light.
The first step is to convert the photos mode. Go to Image - Mode - Grayscale.
If you more than one layer, photoshop will ask you to flatten. You want to flatten, but keep in mind this will merge all your layers into one layer.

Step 1 - Converting to Grayscale

Video Tutorial

Resources

Download the resources for this tutorial. We included an action for photoshop and the curves presets.
The first step is to convert the photos mode. Go to Image - Mode - DuoTone.
Note, your photo must be in 8 Bits/Channel. If its not, you can not convert to DuoTone.

Step 2 - Converting to DuoTone

In the DuoTone options panel, select the preset menu, and select the "Warm Grey 11 bl 2".

Step 3 - Choosing The DuoTone Preset

Step 4 - Adding a Curves Adjustment Layer

The next step is to add a Curves Adjustment Layer. Go to Layer - New Adjustment Layer - Curves.
Click okey in the window that pops up. Then click on the white slider to the left, and change its input and output value to 10, like shown in the image below. Then select the black slider and change its input and output value to 90.
The next step is to create a point on the line. To do this, simply left click anywhere on the line. A point is created. Change the input value to 45 and the output value to 55.
Now, we need to convert the photo back to RGB mode. Go to Image - Mode - RGB Mode. 
Photoshop will ask you to flatten your image, and thats exactly what you want. Click Flatten.

Step 5 - Converting back to RGB

The next step is to add another Curves Adjustment Layer. Go to Layer - New Adjustment Layer - Curves.
Click okey in the window that pops up. Then click on the black slider to the left, and change its output value to 30. Then select the white slider and change its output value to 215.
The next step is to create a point on the line. To do this, simply left click anywhere on the line. A point is created. Change the input value to 45 and the output value to 55.

Step 6 - Adding Another Curve

In this step we will add the finale curves adjustments layer. Go to Layer - New Adjustment Layer - Curves.
Click anywhere on the line and set the input value to 110 and output value to 150.
 

Step 7 - Adding the Finale Curve

DuoTone B&W

Date: 2013-06-10

 

Learn how create stunning black & white photos with this new way of doing it. Not many know of this technique, and still the results are amazing!

Step 8 - Finale Step

The last thing we will do is to add some contrast to the image.
To do this, go to Layer - New Adjustment Layer - Brightness/Contrast. 
Adjust the contrast slider to 50+.
 
Thats it! You have created a stunning Black & White image using a technique not known to many. Your  B&W photos will surely stand out from the crowd.
 
If you want to, you can download the resources for this tutorial. In the resources we included the Photoshop Action file. This way you can just apply this effect with 1 click. Keep in mind, this flattens your image. We do however take a snapshot of the photo the way it is before applying the image, and this can be found under the history panel.