1. What does “Terrecom” mean?
2. What is Terrecom?
3. Who can use Terrecom?
4. What can be bought/sold on Terrecom?
5. How does Terrecom work?
6. What hardware/software is required to use Terrecom?
7. What does it cost to use Terrecom?
8. How is the Seller Registration and Use fee paid?
9. How does Terrecom differ from other “b2b” websites?
10. Does Terrecom provide a way to qualify new trade partners?
1. What does “Terrecom” mean? [back to top]
Terre is short for “terrestrial” which means “of the earth”. So, Terrecom.com means “earth communications and commerce”.
2. What is Terrecom? [back to top]
As the name implies, Terrecom is a local-to-global business to business (b2b) and business to government (b2g) internet-based marketplace. It is designed to bring organizational buyers (procurement/purchasing agents) together with new or existing sellers (suppliers/vendors) to do business. It is a fully-hosted, online business facilitation system
3. Who can use Terrecom? [back to top]
All legal organizations in all but a few countries. That encompasses all private sector, public sector, for-profit and not-for-profit organizations. All of these will find Terrecom useful.
4. What can be bought/sold on Terrecom? [back to top]
All legal goods and services.
5. How does Terrecom work? [back to top]
We provide three (3) powerful “do business” tools to facilitate commerce between trade partners:
A. A Request-for-Proposal/ Request-for-Quotation (Rfp, Rfq) function, which incorporates a secure email based communication system to facilitate business.
B. A Sales Bulletin or business classified advertising function.
C. An Auction function
A more detailed explanation of these functions can be found on the homepage by clicking “Features”.
6. What hardware/software is required to use Terrecom? [back to top]
Terrecom is designed to work with all of the most popular browsers, so all you really need is a computer, internet connection, and an email account. It is not even necessary to have a website, but if you do, Terrecom will “hotlink” to it and drive traffic to you.
7. What does it cost to use Terrecom? [back to top]
All buyers' use the system FREE. Sellers may select from the following: $59.95 (U.S.) for six (6) months usage, $99.95 for a one (1) year usage, or $179.95 for (2) year usage.
8. How is the Seller Registration and Use fee paid? [back to top]
When you register as a Seller, you can select to pay by credit card (Mastercard, Visa, American Express), by Paypal, or by corporate check.
9. How does Terrecom differ from other “b2b” websites? [back to top]
In many ways:
A. It is much broader geographically, encompassing the entire world (though you can sort down to cities if you desire).
B. It is much broader as to goods and services encompassing the buying/selling of all legal goods and services. There are currently about 10,000 goods/services categories and we are adding more new ones all the time to reflect the suggestions of our new suppliers.
C. It is administered by a neutral third party (us) for the benefit of all buyers and suppliers. It is not run by a group of buyers or suppliers for their own purposes.
D. It has multiple “do business” tools, mentioned above, while almost all other b2b and b2g websites tend to provide only one main function.
E. It can be used by all legal organizations to buy and sell, not just a select few. Terrecom is an “open” marketplace.
10. Does Terrecom provide a way to qualify new trade partners? [back to top]
Yes. First of all, any buyer or seller which has been the subject of a complaint is removed from the marketplace if analysis confirms the complaint. Further, the communication system associated with the RFQ module can be used to qualify new trade partners by requesting trade references, banking references, etc., which should be researched. We also provide hotlinks to participants’ websites for further investigation. However, it is the responsibility of the parties to each transaction to do “due diligence” on the other prior to entering into any transaction. Since Terrecom is only an intermediary between buyer and seller, the concept “let the buyer (and seller) beware” is still the proper approach.
