BMP Goes Under

Discussion in 'Dealer Reviews' started by Porkchop, Feb 19, 2011.

  1. Porkchop

    Porkchop Member

    I just went to BMP's web site. Looks like they're folding up, going out of business. What a shame. A good thing gone sour !

  2. rohmell

    rohmell New Member

    I hope that someone buys their assets and perhaps re-ups the company.
  3. Wheres my dog

    Wheres my dog New Member

    Far from me being an educated business man here...

    He had a great product with even greater customer service.... he could he fail?

    It is truly a shame to see a small company go under while doing so well
  4. Porkchop

    Porkchop Member

    I 've had one of their friction drive kits for almost 2 years now. Granted I haven't used it much, but I've never had a problem with it. No one can convince me a similar friction drive kit from another vendor here, that cost more is worth the difference in cost. BMP has always gotten an "A+" rating on customer relations along with packaging and shipping. According to their web site, the current bad economy has taken it's toll on them.
  5. Tanaka40

    Tanaka40 Member

    I have a Business degree and I can say that in this economy and the foriegn competition undermining your customer base makes for a difficult for a great company to turn a good profit. (make a living) Guys, buy American made whenever you can and from a company that stands behind their product like BMP did.
    Last edited: Feb 20, 2011
  6. Porkchop

    Porkchop Member

    AMEN !
  7. Richard H.

    Richard H. Member

    That's the rub then, isn't it. The difference in cost can be about $40 a basic unit. It's very likely that might be the difference between staying in business or not.

    I agree with the sentiment but the current business model doesn't. Occasionally we'll see comments taking issue with the price of some kits made in the US, like Stanton or GEBE for example and to a degree aftermarket products also. Price competition is the main factor in almost all retail today and in motored bike kits and parts as well. I would say it's the determining factor driving the popularity of the happy time kits and it's also why some vendors have gone to sourcing in China to stay in the game. Most folks want it both ways but price usually wins out.
    Last edited: Feb 20, 2011
  8. wheelbender6

    wheelbender6 Well-Known Member

    Despite offering better customer service, these businesses face tough competition from EBay sellers. Local sellers on craigslist also take some market share from them.
  9. Tanaka40

    Tanaka40 Member

    OK, I will give the price war to the Chinese , but the quality to the Americans. The real costs is LOST JOBS for American workers. Even if the poor American worker got Min. wage to start, the ripple effect of that wage turning over in the econonomy will turn over 7 to 9 times, thus creating even more jobs. So the question WE must think in spending our hard cold cash is not just cost, but do I want my money going to a company that will put Americans to work ! (and not just UPS) :idea:
  10. Richard H.

    Richard H. Member

    Not wanting to digress into a long discussion of globalization and macro economics but yes, as I said I agree with the sentiment, however the business model in place for the last decade speaks volumes witnessed by the major market share success and through-put of big box retailers like wmart etc.

    So in my case at least, it's preaching to the choir but I can afford the difference to have a view what false economy means. I'd only get in trouble if I insinuate to others how they should spend their budgets.

    Also it is entirely possible for the Chinese to produce quality products and this is something they are doing more and more of. The computer I'm writing on is an example as I'm sure is the case for many here. But if price is the primary concern, they will meet that challenge and oblige. That the product is of inferior quality is inherent but of secondary concern to the dictate of the retailer.