Freelancer.com, the world's largest outsourcing marketplace, today announced that the site has passed $100 million in user earnings.

Freelancer.com CEO Matt Barrie says the figure proves that building a global team on a shoestring budget for any entrepreneur or small business is now a realistic, mainstream concept.

"More individuals and businesses are discovering exactly how far they can extend their competitive advantage using Freelancer.com," said Barrie.

"Through an established platform like ours, outsourcing results in quality output while simultaneously reducing costs. We estimate that the US$100 million in projects paid out through the site has saved businesses around US$1 billion in equivalent skilled labor costs in industrialized economies."