convert wave sound to mp3 format

[Soudager]

I would like to know how to convert a wave sound into a mp3 one. If that requires a software where can I get a free one from the internet.
Thanks.

[degsy]

Checkout Audacity and Blaze Media Pro

[Soudager]

Thanks for your reply. Before I got the reply from you I tried converting the wave file into mp3 format using dBpowerAMP Music Converter. I was successful in doing.
Original file size: 97.4 MB Converted file size: 26.5 MB
But the converted file size is still in MB whereas I want it to be in KB. Can't I compress it further?
Thanks

[degsy]

The further you compress it the less quality you will have.

You need to change the compression options instead of just using the default.

I assume that it has been compressed to a 192kbit 44000hz stereo file.
What you can do is lower the quality to 64, 22500, mono.
It will probably sound rubbish, but it will be smaller.

[smurfy]

But the converted file size is still in MB whereas I want it to be in KB
97.4MB = 99737.6KB
26.5MB = 27136KB
There you go.
If you mean you want to convert a 97MB file to under 1MB, then you are talking about losing 99% of it's quality. As degsy says, it will sound rubbish.

[Soudager]

Hi,
Thanks for the info.
The file was about 97MB when I had first created it. And now I have managed to bring it down to about 27MB after converting it into mp3 format (from wave sound format).
Now, I would like to get it close to 5MB or so, as I have seen elsewhere that it was somehow done.
Actually I have read and recorded something which went on to reach 97MB, and I have seen that someone else on the net has recorded the very same thing, and it was only about 5MB.
So, can you help me out.
Thanks,
Soudager

[degsy]

Check the options that I have posted above.

There may also be preset options for MP3, Realmedia and WMA for low quality output.

It depends on the conversion program.