Hi, I'm familiar with shared hosting but a complete novice to virtual servers, I'm getting the following error message when I go to my new virtual server IP http://62.***.***.76/:

PHP Code:
If you see this page it means:
1. hosting for this domain is not configured
or
2. there's no such domain registered in Parallels Plesk Control Panel 
Now am I getting that because...

a) I need to set something up in the PLESK control panel thing or

b) Is it a DNS issue? Its only been 30 hours since the migration from shared hosting.

I was told when I upgraded that I wouldn't have to do anything and there would be no interruption as the site www.mydomain.com would continue to use the shared hosting until the virtual one was set.

Is it a question of waiting for the DNS to update so it points to http://62.***.***.76/: or do I have to set something up?

Cheers, all feedback appreciated!