There are two separate services that you’ll need for a working website - a domain name and a web hosting plan for it. When you type the domain in your Internet browser, you see the content that’s uploaded in the web hosting account, but if that Internet domain isn't linked to such an account or to an e-mail service, it is parked. To put it differently, the domain 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” page 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 ensure that no one else is going to take it. At the same time, it won't take a slot for a hosted domain name in your account. In addition, you can park domains if you have a .com, for instance, and you register domains with other extensions like .net, .org or country-code ones to direct them to the main site as a way to protect a brand name.