There are 2 services that you’ll need for a functioning website - a domain name plus a website hosting plan for it. Whenever you type the domain in your web browser, you see the content that is uploaded within the web 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 address is registered and you are its owner, but it lacks content of its own. Rather, it can open either a pre-made “Under Construction / For Sale” webpage from the registrar company, or it may be forwarded to some other URL of your choice. The benefit of parking a domain 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 Internet domain within your account. You could also park domain names 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 in order to protect a brand name.