Today’s market brings so much to its consumers. It’s hard to decide what to choose and why because there is a lot of companies out there selling their products and services. We get to see so many products with almost the same quality and the same prices, making it difficult what to choose. But with every problem comes a solution and for this problem, Moneysupermarket gives you ‘the’ proper solution, giving answers to all your questions. Simon Nixon, the man who gave birth to the company, has a story to be heard which says that following someone’s steps may not always be the right way to success.
Moneysupermarket.com stands out to be a British price comparison website. The work that the site does is that it helps you to compare prices. You can compare prices on a wide range of products be it an insurance or a loan. The company’s aim is to help households save money.
“This ambition is perfectly suited to the times in which we live, given the financial uncertainty that exists at home. We aim to help by shining a light on the best ways, households can take control of their finances. Our objective is to offer consistently competitive prices and deliver a great visitor experience, so that customers find what they want, and think of us first for their future needs”, itself, the site says.
It all started back when Simon Nixon found his university education really boring. “I hated it. It was boring,” said Simon when asked why he dropped out of his university. He looked into the market the lacks and gaps, and where he could use his mind to fill them up. Eventually, he found out that there were no websites or journals to compare the prices of the products out in the market. He thought to himself, ‘If I didn’t do this, who else will?’ He started a journal-ish thing that had best-but tables in it. Initially, he lent them out for free but as the magazine gained popularity, he started charging 11 Pounds for a monthly subscription. His business became so efficient that only after two years, he started earning more than 10,000 pounds from that magazine only. Nixon named the group working with him as ‘Mortgage 2000.’
He, along with his friend Duncan Cameron, launched an internet site called ‘Moneysupermarket.com’ which updated itself according to the market daily. The site came out to be a huge success as the internet was blooming all over the world and the UK was no exception. Since then, the site only grew and never saw a backdrop. They kept on increasing their range of products that could be compared.
It was 2004 when Simon Nixon launched Travelsupermarket.com. The site was the same as the Moneysupermarket. The difference was that the users could now compare travel related products too. However, Duncan and Simon fell out as the attention diverted away from Mortgage 2000. In 2007, he (Duncan) sold his shares to Simon for 162 Million Pounds. All these years, Duncan stayed as a silent business partner.
Some of the major sales growth of the company was from 2000 to 2002, where the site jumped from 5.4 million to 13.6 million Pounds. The company was listed in London Stock Exchange, and the site was valued at a massive amount of 1 Billion Pounds, at the time of its Initial Public Offering!
In 2009, Simon stepped down from the position of CEO, with Peter Plumb becoming the new CEO. Simon is fond of luxuries. Also, he admits that he doesn’t like doing business for a long time. “I’m scared of doing nothing,” said Simon, during an interview. Simon has a worth of $1.1 Billion. Even after having so much wealth and businesses, Simon prefers to stay quiet when it comes to his personal life, and there are very little details known about it. Now, he invests in different businesses across the world, which gives him access to travel to different parts of the world too.
Simon Nixon, the founder of Moneysupermarket.com shows us that it only takes true passion to reach your goal. Sometimes, hard work may not count up as much as passion does. Also, it isn’t required that you follow a guided roadmap to success, instead, take your own route and make a path of success out of it.
Raghav is a student and a content writer. He loves to write about emerging as well as the existing technologies around and about the ones who bring them to you. Music is the other passion that Raghav processes. It is like the fuel to his body. He is also in writing songs and poems. He believes that life is short, so live the best out of what you have got. Raghav considers himself a sci-fi guy, having stories and tech all around in his head, all the time.