Larry Freed, the head of ForeSee Results which is a market leader in customer satisfaction management, recently spoke at the the Internet Retailer Conference and Exhibition in Boston. In his speech, he gave 6 best practices for online retailers.

• Satisfaction drives conversion, loyalty retention, word-of-mouth and financial success.
• The consumer is in charge — which speaks to low switching costs, high competition and increased consumer knowledge.
• You can't manage what you can't measure. This basic theory applies to every management scorecard.
• Measurement is hard; don’t fall for gimmicks.
• Integration of Web metrics magnifies value.
• It takes only two things to survive and thrive in this economy: Be fiscally responsible, and satisfy your customers.