There are two services that you’ll need for a working site - a domain name and a website hosting plan for it. When you type the Internet domain in your browser, you see the content that’s uploaded within 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 is registered and you are its owner, but it lacks content of its own. Instead, it can open either a pre-made “Under Construction / For Sale” webpage from the registrar company, or it can be directed to some other URL of your choice. The main benefit of parking a domain name is that you can keep it and make sure that nobody else will take it. At the same time, it will not occupy a slot for a hosted domain name within your account. You could also park domain names if you have a .com, for example, and you register domain addresses with other extensions such as .net, .org or country-code ones to direct them to the main web site as a way to protect a brand name.