I would Like to Change my Domain Name, What should i do?

[seomelbourne]

Do a 301 redirect and it will tell the search engines that the site has moved forever to the new location.

But, when you take the 301 redirect down, your going to lose those backlinks. Lets say that a year from now you let that old domain expire, or remove the hosting account and the 301 is removed,,, then your redirect is also removed.

From the time you put up the 301, see if you can get the majority of those old links edited and pointed to the new site.