Domain Comparison: Parked vs Addon Domains
Parked domains are aliases for your account's primary website. Using parked domains allows your main website to be reachable via multiple domain names. A parked domain can be redirected to a completely different website, but on its own, a parked domain will only allow you to reach your main website and its sub folders. You can have an unlimited number of parked domains with every SiteGround hosting plan.
If you would like to use different domain, each hosting a unique website of its own, then you need to use addon domains. They can be pointed to different applications in the different folders of your hosting account, thus allowing you to host more than one website on your account. SiteGround's StartUp hosting plan is the only one that does not allow you to use addon domains. You can create an unlimited number of addon domains with all other hosting plans.
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