There are 2 services you need for a working site - a domain name and a website hosting plan for it. Each time you type the Internet domain in your browser, you see the content that’s uploaded in the website hosting account, but if that Internet domain is not linked to such an account or to an email service, it is parked. In other words, the Internet 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 may be directed to any other URL of your choice. The main benefit of parking a domain name is that you can keep it and make certain that nobody else will take it. In the meantime, it won't take a slot for a hosted domain name within your account. You may also park domain names if you have a .com, for example, and you register domain names with other extensions like .net, .org or country-code ones to forward them to the main web site so as to protect a brand name.