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You can buy a reseller account for some $60 or so per year from Godaddy. And with that you get to set your own prices for domains, renewals and so on. Godaddy will still do all phonesupport, credit card processing but very much in the background and your customer will never notice anything but your name.
Godaddy will have minimum prices, which they will take from you and you can actually decide to cut under those prices, but then you have to pay the difference yourself!
But if you're going to be having ~500 domains, it would totally be worth it getting a reseller account and then adding just $1 to each domain and let it sit there and collect!
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The truth is not affected by the beliefs, or doubts, of the majority.
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