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Some registrars require that you have a minimum number of domain name to the park with them, some registrars charge a monthly or annual fee to the park with them, and most pay different commission per click for ads on your site is parked. One of the most popular domain registrars and domain parking company I found was Sedo.com. They have a live domain auction, domain hosting, and offers free domain parking, Sedo is one of the easiest domain management, so it is great for beginners. They have a lot of domain services such as parking your domains, domain buy and sell domains.
The only situation where your domain parking is advantageous, for example if you have traffic going to a domain name, you get good traffic from keyword domain names, content or links from websites that are related to the domain name before you get it.
Once the domain is parked, your company will place ads on sites that are similar to your domain name and keywords that you provide. When someone searches for your keyword, or when they are sent from the link, they are presented with several links related to what they're looking for.
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