There are two separate services you'll need for a functioning site - a domain name plus a hosting plan for it. When you type the domain in your Internet browser, you see the content that’s uploaded within the web hosting account, but if that domain address isn't linked to such an account or to an email service, it's parked. Put simply, the domain name 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 can be forwarded to any other URL of your choice. The benefit of parking a domain name is that you can keep it and ensure that nobody else is going to take it. Meanwhile, it's not going to take a slot for a hosted domain name in your account. In addition, you can park domain names if you have a .com, for example, and you register domains 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.