Reduce the size of an MP4 without harming quality of the video

I was concerned about how long it was taking to upload my 1 to 1 1/2 minutes MP4s.  They are anywhere from 200 to 300 MB.   I googled the question about how to reduce the size of an mp4 and found that the software called HandBrake does this with a few easy steps.  I reduced a 300 MB video now to 50 MB and did not loss any quality.
This will reduce the file sizes on your servers and help your customers upload the videos.  I was saving the good news for last.  It is FREE.
There is a very unprofessional video on YouTube about this.  I am sure you guys could come up with one way better.

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