There are 2 services you'll need for a functioning website - a domain name and a hosting plan for it. Each time you type the Internet domain in your browser, you see the content that’s uploaded in the hosting account, but if that domain address is not linked to such an account or to an e-mail service, it's parked. Put simply, the Internet domain is registered and you are its owner, but it doesn't have any content of its own. Rather, it can open either a pre-made “Under Construction / For Sale” Internet page from the registrar company, or it may be forwarded to some 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 is going to take it. In the meantime, it won't block a slot for a hosted Internet domain in your account. You could also park domain names if you have a .com, for instance, and you register domain addresses with other extensions like .net, .org or country-code ones to forward them to the main website as a way to protect a brand name.