There are 2 services that you’ll need for a working web site - a domain name plus a web hosting plan for it. When you type the Internet domain in your browser, you see the content that’s uploaded inside the website hosting account, but if that domain name is not linked to such an account or to an e-mail service, it's parked. To put it differently, the domain name is registered and you're its owner, but it doesn't have any content of its own. Instead, it can open either a pre-made “Under Construction / For Sale” webpage from the registrar company, or it could be forwarded to any other URL of your choice. The main benefit of parking a domain address is that you can keep it and make sure that no one else will take it. In the meantime, it won't occupy a slot for a hosted domain in your account. In addition, you can park domains if you have a .com, for instance, and you register domain names with other extensions like .net, .org or country-code ones to direct them to the main web site so as to protect a brand name.