Guide
"Reduce the size without losing quality" is technically a bit of a contradiction — with a lossy format, some quality tradeoff is mathematically unavoidable once you compress far enough. But there's a real, practical version of this that works: get the reduction from the parts of the file that don't actually affect how it looks.
Compression changes how efficiently the existing pixels are stored — it can shrink a file substantially with minimal visible difference, up to a point.
Resizing reduces the actual pixel dimensions — fewer pixels means a smaller file no matter the format, but only makes sense if you don't need the original resolution (a photo displayed at 800px wide doesn't need to be 4000px wide in the file).
The biggest quality-preserving win is usually resizing first if the image is display-only at a smaller size, then compressing what's left.
Switching from PNG to WebP for a photograph, for instance, often shrinks the file substantially with barely any visible change — because PNG was never efficient for photographic detail to begin with. That's a "free" size reduction that has nothing to do with lowering quality. See JPG vs PNG vs WebP for the full comparison.
Lossy compression (JPG, WebP) has a real sweet spot — a wide range where file size drops a lot before quality loss becomes noticeable, followed by a much smaller range where it drops off a cliff. A target-size tool that searches for "the highest quality that still fits" is specifically built to land in that first zone rather than overshoot into visible damage.
Photos often carry metadata (camera settings, GPS location, timestamps) that adds size without affecting the visible image at all. Stripping this is a genuine size reduction with zero visual tradeoff.
If a form has a hard 50KB limit and your photo is highly detailed, there may be no way to hit that number with zero visible change — the honest answer is a small, controlled tradeoff, not a magic setting nobody else knows about. A good tool tells you this plainly instead of pretending otherwise.