There are two separate services that you’ll need for a functioning web site - a domain name plus a hosting plan for it. Each time you type the Internet domain in your web browser, you see the content that’s uploaded within the web hosting account, but if that Internet domain is not linked to such an account or to an e-mail service, it is parked. To put it differently, the domain address is registered and you are its owner, but it does not have any content of its own. Instead, it can open either a pre-made “Under Construction / For Sale” page from the registrar company, or it could be directed to any other URL of your choice. The main benefit of parking a domain address is that you can keep it and ensure that no one else will take it. Meanwhile, it's not going to occupy a slot for a hosted domain within your account. In addition, you can park domains if you have a .com, for example, and you register domain names with other extensions such as .net, .org or country-code ones to forward them to the main website as a way to protect a brand name.