The well known outsourcing marketplace Freelancer.com has just announced that it has surpassed $100 million in freelancer earnings. According to Freelancer.com CEO Matt Barrie this means that more and more businesses and individuals are discovering in the marketplace a way of boosting their competitive advantage and of building global teams on a shoestring budget.
Through an established platform like ours, outsourcing results in quality output while simultaneously reducing costs. We estimate that the $100 million in projects paid out through the site has saved businesses around $1 billion in equivalent skilled labor costs in industrialized economies.
Matt Barrie, CEO Freelancer
Freelancer.com enables businesses and companies from all around the world to outsource work to professional freelancers, with the average project costing a little under $200. The marketplace also features the Milestone Payment system, which only allows the release of funds to the freelancing professionals when the employer is fully satisfied. This gives employers the assurance that they only have to pay for a work when the desired quality is achieved.
Reputation is the most valuable long-term investment for a freelancer, and most freelancers establish their reputation by going above and beyond to provide exactly what businesses need. 1.2 million jobs posted on Freelancer.com to date is a tribute and testament to their professionalism all over the world.
Matt Barrie, CEO Frelancer
Freelancer recently entered the crowdsourcing space with design contests in numerous different categories from logos to website design and everything in between. These contests enable small and medium business owners and entrepreneurs be and stay more competitive.