There are various ways to redirect traffic from one domain/website to another. The so-called URL redirection is oftentimes recommended. In contrast to parking a domain, a URL redirection is possible only if the domain name in question is hosted. What this means basically is that you could still open any content in case you have a direct link to it and you may create e-mail addresses or subdomains and use them. Such a feature has lots of practical uses - if you choose to switch your domain name, you may redirect the visitors, but the e-mail messages with the old one shall still be active if you are communicating with customers or partners. In case you have 2 similar websites and you would like to rebuild one of them, you may forward the site visitors to the other Internet site so as to prevent losing potential clients, while you'll still be able to access the admin area for the first site and work on it.