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In this video tutorial, we learn about three options to reduce the size of PDF files: adjusting actions while creating a file, saving an existing file in lower quality, and compressing a file through online tools. It is advisable to first explore options within your PDF viewer app before seeking external tools. One simple step is resaving the file using apps like DocHub or Acrobat. The tutorial demonstrates how to reduce the size of a large 54-page, 17 MB magazine file for easier sharing, especially considering email attachment size limits.