Connect with us

Lifestyle

Students are Preferring Installment Loans Online More Over Other Options Available for Credit

mm

Published

on

A global survey has highlighted that students pursuing various courses in higher educational institutes have been going for installment loans online in comparison to other options available for credit. The debate on installment loans Online vs other forms of credit highlights many aspects of different credit options available in today’s time. As the overall expenses have been increasing exponentially, it has become common to observe that students are looking for economical credit options to pay for their education.

Since online installment loans allow borrowers to schedule their repayment over a long period of time, it becomes a flexible borrowing option for students who want to arrange funds for their education. As there are plenty of online options available for getting a loan even with bad credit, students find it easier to arrange funds through such online platforms.

Installment loans allow borrowers to schedule their repayment in a simple manner over a certain period of time. Although installment loans carry a high-interest rate, still people are preferring this medium to take loans because of their flexible terms and conditions. All that one requires is the fulfillment of some basic eligibility requirements and a reliable source of income.

As the cost of education and the inflation rate is rising all across the world, it is really a big challenge for students to manage their expenses in today’s lifestyle. Hence, all they are left with is to borrow some credit from some reliable financial platforms in order to complete their education for pursuing a better career.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Lifestyle

Duravo’s Success Story: Engineering the Perfect Suitcase

mm

Published

on

Photo credit: Duravo

By: Mae Cornes

When Matt Muhr and Dan Cooper founded Duravo, they started with something other than luggage design. Instead, their journey began unexpectedly: the world of tactical and anti-ballistic gear. This unconventional background led them to discover a self-reinforced composite material used in professional sports equipment, military gear, and automotive components.

Working closely with a German engineering team, Muhr and Cooper developed Flexshell™, a material that combines strength and lightness. “We saw an opportunity to bring advanced materials science to an industry that hadn’t seen significant innovation in decades,” Muhr explained.

A Lightweight Contender in a Heavy-Duty Market

Duravo’s entry into the luggage market came at a time when established brands dominated the landscape. However, the company’s focus on material innovation sets it apart from competitors.

The Duravo International, an expandable carry-on, weighs just 5 pounds, making it significantly lighter than many competitors’ offerings. This weight reduction doesn’t come at the cost of durability or capacity. The suitcase expands from 37 liters to 46 liters, providing travelers with flexibility without exceeding airline size restrictions.

Cooper noted, “Our goal wasn’t just to make another suitcase. We wanted to change how people think about luggage durability and weight fundamentally.”

Rigorous Testing: Proving Durability in the Lab and on the Road

To validate its claims about Flexshell’s durability, Duravo invested heavily in product testing. The company reports subjecting its luggage to weighted tumble tests, extreme drop tests, and thousands of handle yanks.

The company does not publicly share specific test results, but it states that Flexshell provides five times the strength of traditional plastics used in luggage. This claim would represent a significant advancement in luggage materials if independently verified.

Technology Integration: Beyond Basic Storage

Duravo’s products incorporate several tech-friendly features, reflecting the changing needs of modern travelers. The luggage includes built-in USB access for charging devices, a hidden sleeve for tracking devices like AirTags, and compartments designed to protect electronics during travel.

These additions address common pain points for travelers, such as keeping devices charged and preventing lost luggage. However, it’s worth noting that some of these features, such as USB charging ports, are becoming increasingly common in premium luggage offerings.

Market Performance and Customer Reception

Since its launch a year ago, Duravo reports generating over 1,500 customers. While this number suggests steady growth, it’s modest compared to established brands in the luggage industry. The company currently limits its market to the U.S. and Canada, indicating potential for expansion.

The company reports positive customer reviews, a critical factor in the luggage industry, with an online star rating of 5 out of 5. However, independent verification of these ratings and a larger sample size would provide a more comprehensive picture of customer satisfaction.

Challenges and Competition in a Crowded Market

Despite its inventive method, Duravo faces significant challenges. Established brands like Away, Monos, and Tumi command substantial market share and brand recognition in a highly competitive luggage market.

Duravo’s focus on high-end materials and manufacturing in Germany will likely result in higher production costs. This could make it difficult for the company to compete on price with brands that manufacture in regions with lower production costs.

Environmental Considerations and Future Directions

Duravo emphasizes the eco-friendly nature of its products, stating that Flexshell is recyclable. However, specific data on the material’s environmental impact throughout its lifecycle is not readily available. As sustainability becomes increasingly important for consumers, more transparent and detailed environmental information could benefit the company’s market position.

Duravo’s success may hinge on its ability to scale production while maintaining quality, expand its product line, and effectively communicate its value proposition to a broader audience. The luggage industry’s recovery and growth following the COVID-19 pandemic will also play a crucial role in shaping the company’s trajectory.

As Duravo continues developing its brand and product line, its story is an interesting case study in bringing materials innovation to a well-established consumer goods category. The company’s future success will depend on its ability to balance innovation with market demands and effectively compete with more prominent, established brands.

Continue Reading

Trending