Creating a new android project from an existing android project in eclipse.

I am back with some android experiences. I have just started to create an android application. So I am just a newbie. Here are some of the obstacles and their solutions a user might face at the beginning.
I was searching for a code snippet, found something similar to what I was looking for in the internet. Guess what!! I was not being able to run the code from android as I didn't know how to make that android project run on my eclipse editor. Then I found it after looking around the options in eclipse. Here it is;
1)Open eclipse editor.
2)Go to file->new->other->android project under android->choose create project from existing source->show your downloaded project->click finish.

That is it, you will have the project created in your workspace. Is not that easy!! :)