Using freelance workers to limit labor costs

02/27/2013 | CNNMoney

Business owners like Xan Hood of Charlotte, N.C., are using freelancers to save on costs they would incur by hiring full-time employees. Hood, owner of a clothing company, pays seven freelancers, and that approach may have saved him $270,000 last year. "We need to be efficient and resourceful with the little we have," Hood said. Online platforms such as Elance connect business owners and freelancers looking to bid for work.

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