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IIS Internet Information Server and 301 302 Redirects

Redirection (302) A default redirection function of IIS that redirects the visitor from the current page or site to another page or site, while returning a response code that says that the original page or site has been temporarily moved to the new location. Search engines will often interpret these as a park, and take their time figuring out how to handle the setup. Try to avoid a 302 redirect on your site if you can (unless it truly is only a temporary redirect), and never use them as some form of click tracking for your outgoing links, as they can result in a "website hijacking" under some circumstances.  

Permanent Redirection (301) An optional function of IIS that redirects the visitor from the current page or site to another page or site, while returning a response code that says that the original page or site has been permanently moved to the new location. Search engines like this information and will readily transfer link popularity (and PageRank) to the new site quickly and with few issues. They are also not as likely to cause issues with duplication filters. SEOs like 301 redirects, and they are usually the preferred way to deal with multiple domains pointing at one website. 

Let's say that you want to pass on some variables, for example, you wanted to redirect an ASP site that accepted arguments for some pages and pass those same arguments on to the same pages at the new site.

In this case, in the "Redirect to:" box, enter the domain you wish to move to (no trailing slash), plus $S$Q .

For example:

http://www.newdomain.com$S$Q

Next, check the options that state the client will be sent to "The exact URL entered above", as well as "A permanent redirection for this resource" (if you want it to be a 301). Done.

What does this $S$Q do? These are tags that IIS will automatically replace - $S will be replaced with the subdirectory location (such as /shopping/cart.aspx) and $Q will be replaced with the querystring (such as ?id=Blue).

Server VariableFunction Example
$PPasses parameters that were passed to the URL to the new URL.If the request contains parameters such as http://www.oldsite.com/cart.asp?id=Blue , then $P would represent all the values after the question mark in the URL, example $P would equal id=Blue (no question mark).
$QPasses the parameters including the question mark.This is the same as $P but includes the question mark or query string. So $P would equal ?id=Blue
$SPasses the matching suffix of the URL to the new URL.If the request is for http://www.oldsite.com/shopping/cart.asp, then $S represents /cart.asp. If the request was for http://www.oldsite.com/shopping then the value of $S would be /shopping
$VRemoves the server name from the original request.If the request is for http://www.oldsite.com/shopping/cart.asp then $V would contain everything after the server name, eg: /shopping/cart.asp.
*Wildcard symbol used for replacement.Let's say you want to redirect all requests for html pages to a single asp page - you could do so in the following way: *;*.htm;page.asp

 
This works for both Site Redirects and Individual Page Redirects.