If you are like me you have slowly acquired domains over time. First you buy a couple, then you have 10 or 20, next thing you know you have 100. You may even have multiple accounts and never took the time to consolidate. With hundreds of domains, or even tens, you now need to be sure not to lose any. There are two options that GoDaddy has, one you are probably familiar with, one is a lesser known but convenient option.
You may already be familiar with the automatic renewal option for domain names where you simply choose to automatically renew every year. Assuming you choose the 1 year option to keep costs down as opposed to purchasing 2,3,4,5 or more years in advance. Just be careful if you use a credit card that the card can expire. You may want to consider using your paypal account and therefore you only need to keep your paypal up to date.
Consolidating Domains is the most interesting and less familiar option. In the past you would pay annually on the anniversary date of your domain registration. Therefore if you purchased a domain on June 13th, you pay every June 13th. After you purchase tens or hundreds of domains you may have domains that need to be renewed every month. This can become a full time job. The domain consolidation allows you to choose the date you want to renew your domains.
You could have all your scattered renewal dates consolidated into one day every year. So you may pick Jan 1 to be the day, as an example, that you always renew all your domains. Now you only have to renew once a year. However the downside is that you now have one large bill every year if you have a lot of domains.
A second option is to spread your domains over the entire year and choose the first of each month for 1/12 of your domains. This way you spread out your domain renewal expenses proportionally over the year and know that the bill is paid on the same day every month.
How to Consolidate
Simple quick and just $1 per domain per month, a one time fee per domain depending on how far out you extend each domain. Simply log into your GoDaddy account and choose to consolidate as they will walk you through the steps. Also if you are renewing or buying new domains use the code FPT3 at check out for a domain discount on every domain and the code FPT1 will get you 10% off every hosting package.
Try not to lose your domains, either auto-renew, or consolidate, or do both for ease of domain management.