There are two separate services you'll need for a working site - a domain name and a website hosting plan for it. Whenever you type the domain address in your web browser, you see the content that’s uploaded in the web hosting account, but if that Internet domain is not linked to such an account or to an email service, it is parked. Put simply, the domain address is registered and you are its owner, but it lacks content of its own. As a substitute, it can open either a pre-made “Under Construction / For Sale” webpage from the registrar company, or it could be directed to some other URL of your choice. The main benefit of parking a domain name is that you can keep it and ensure that nobody else is going to take it. Meanwhile, it will not take a slot for a hosted domain address in your account. You may also park domain names if you have a .com, for instance, and you register domain addresses with other extensions like .net, .org or country-code ones to direct them to the main website as a way to protect a brand name.