Now you have your domain name you have two options, you can either park your domain name, or turn it in to a website, using web hosting. With parking you have to set the name servers from your domain name registrar, to that off the parking company. Domain parking is a good idea if your domain name gets a lot of direct type in traffic. What this means is, if you have the exact keyword dot com, with a good amount of searches per month, and if a user were to type that in to Google, then it would usually go straight to your parked page. Or alternatively you can set the name servers to a web hosting company.
In the long term it is much helpful resources top 10 wordpress hosting to turn your domain name in to a website, because you have lots of different options for developing your site. Usually with a parked domain name, all you would get is a static page, that is just full of ads, and it does not look user friendly.