There are two separate services you'll need for a working website - a domain name plus a website hosting plan for it. If you type the Internet domain in your web browser, you see the content that is uploaded inside the hosting account, but if that domain address isn't 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” Internet page 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. At the same time, it will not take a slot for a hosted domain name within your account. You can also park domains 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 site as a way to protect a brand name.