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Car rental business in Iceland

admin by admin
July 11, 2022
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Car rental business in Iceland
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Many of us have a minimalistic view of life and see modern trends as an environmental agenda combined with a rejection of the consumption system. “Use, Share, Solve” is a philosophy about a lifestyle that leaves less space for private cars and more space for rental services. Let’s see if it’s difficult to create your own car rental service from scratch.

Step 1. Create a website for car rental

There is no room for complexity here. A private car rental business in Iceland starts not only with the cars themselves, but also with a website on the WordPress system. You create a website that will be simple and understandable to the consumer. After all, the advantage of WordPress lies precisely in the simplicity of solutions. Your new digital office will be built on this foundation.

Step 2. Connect cloud service

There are two ways to rent cars in Iceland. You manually manage literally everything: from the collection of documents to the control of vehicles. You create your own accounting system from scratch, make mistakes, learn and only then work effectively with your system.

The second way is many times faster and cheaper – RentSyst cloud service, a ready-made system for controlling cars, accounting for statistical data and tracking any markers. But let’s look at the specific details:

  • Control via GPS. You see where each of your cars is located in real time. If necessary, check the door locks. If the situation is critical, you can remotely start or block the engine. The program constantly monitors and records the speed of the car. You can also track fuel consumption.
  • Search for demand locations. Using the service, you understand in which areas people rent cars most often. You get a complete picture of the supply/demand in the market and can adapt your fleet to customer requests.
  • Debugging the system. In business, it is important to automate everything that can be automated. At the same time, it is necessary to keep the structure as transparent as possible. The CRM system will give you objective data on the current state of your business.
  • Are you afraid that the acquisition will be superfluous and will exceed your budget? A demo version is available to every entrepreneur. Start with it, and if possible, scale and grow your business.

This is what concerns the control system, but what about the practical component of the business? We’ll take a look at it in the next guide.

Step by step guide to starting a car rental business in Iceland

So, you have everything you need to start a business. You have a website, a system of accounting and control and cars. It remains only to combine the components and start making a profit.

This process goes like this:

  1. Create a personal RentSyst account. Believe me, you went through this procedure dozens of times in your life when you registered on sites or created an email. Login, password, confirm, next… And the account is ready.
  2. Set up an account. In fact, this is your mobile office. And, as with an ordinary office, here you need to put things in order, put everything on the shelves, make sure that everything is in its place.
  3. Add the cars of your service in the program. You link registration data and remote control systems, so you get full remote access to the car directly from your mobile office.
  4. Link the created account with your personal website. This is done through the free RentSyst plugin you can easily download. Then upload the folder with the plugin to the WordPress plugins directory. Then, through the admin panel, go to the “Plugins” section and activate RentSyst.

The site is working, the plugin is linked to it and the data is filled. Now you have a personal office through which you monitor the performance of each car, analyze the data of the entire fleet and can flexibly reconfigure it, adapting to market demands.

Where to look for support for a personal car rental business in Iceland?

This can be done right in the service, because with it, you get a little manufactory that works for your benefit. This includes not only programmers/designers, but also accountants, lawyers and your personal manager who will advise you on all issues. If you see that something is going wrong, you can immediately contact your personal consultant directly and they will solve your problem. Simple, fast, efficient.

RentSyst is your functional pocket office for your car rental business.

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