I have happened to develop a website in which latter i have found it useful if people my guests will be abble to view some video. But The size is real big.....! What is the way down friends?

True video compression is not cheap (like how Netflix does it, for instance), and while the technology slowly catches up to the growing use of video for websites I personally favor converting video to Flash: retains a much cripser view, and Flash has it's own compression/load tools that are more advantageous and more "universal" for just about all viewers (the Flash viewers and Java updates regularly are prompted to their systems and automatically installed whenever needed).

You can pick up a Free Flash converter, or one of the more advanced titles for a few bucks (as seen here and even here).

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