Trade Credits / Traditional Barter
Few months before there had been a crisis is the technology industry and companies experience a big problem in selling out their products. Due to the recession the price in every field is increasing day by day thereby taking companies into depression where people don't prefer to buy any product. So for those kinds of companies that experiences a big loss in Euros and has their products remaining in their storage rooms, Miroma Trade Barter provides a simple transaction process that helps individuals and companies to come out of the big loss and help them in selling out their stocked products and services. Their simple transactions process involves 8 steps and this process can be understood with the help of a small example. Just consider that there is a car company which plans to explore a cash payment of L500,000 for advertising, but when practically seen the company is able to afford a cash of only L250,000. This car company also has a previous model that is still in stock and is of slow move in market. So in this case Miroma helps the car company by using L250,000 worth of their car stock at its full price as a payment for the entire campaign. Accepting the payment in this way helps the car company by trading their cars to the media owners for promotional purposes. So this plan given out by Miroma Trade Barter will help the car company in gaining the entire trade credits by both selling their old models that are in stock and also having an advertisement for their product. So this entire plan is undergone as 8 steps and the systematic steps of the process are as follows. The client who has decided to make a deal with Miroma Trade Barter for advertising their product is given the opportunity to decide their surplus product under stock, which can be used as a payment for advertising. Once the client decides their product to be marketed, Miroma clears the client with their relevant media owners to advertise their invention or product. After the client selects their favorite media owner, the agency handles all the planning and pricing details openly with the media owner. So when both the agency and the media owners are contented with their planning and pricing, both the agency and the media owner authenticates their deal with Miroma Barter Trade by registering an account. Next, the Miroma Trade Barter Company handles the payment to their respective media proprietors and sends a demand to the agency for the hard cash to be paid for the business deal. Now the agency mails an invoice to the client regarding the value to be paid, which includes the normal and low price for their surplus stock or capacity. From the sent invoice the fees and commission which is to be given for the agency is preserved. As a final point, the client's product is been re-marketed in line that is restricted with client's requirement, of how their product needs to be advertised. This is said to be the traditional barter process provided by Miroma Trade Barter Company.