Product of the Year follows three easy steps:
Step 1: Enter Your Product
Entries for the 2020 Awards will open on the 25th February, 2019. Eligible products must be launched between the 1st of October of 2017 and the 31st May 2019 and demonstrate innovation.
Remember, innovation does not mean it has to be revolutionary – just as long as the product demonstrates a feature that somehow makes consumers’ lives better or easier. We accept entries from products that demonstrate innovation in their function, design or packaging. This could be a completely new type of product or a useful innovation to an existing product or brand, such a new ingredient, redesigned shape or size, new formula (eg. less sugar) or new packaging (eg., user-friendly or “green”).
Please contact us directly if you have questions about your product.
Step 2: Jury Preview
Once all products have been submitted, a Jury of distinguished industry professionals is invited to review the submitted products to ensure that the innovation criteria are met before they go on the consumer research.
Should your product advance to the next step, there is a finalist fee of $6,000 which pays for the costs of conducting the research. This fee pays for itself in that your product concept is introduced to thousands of shoppers for their feedback which you then receive, win or lose, in the form of a detailed consumer research report by Nielsen.
Step 3: Consumers Vote
In this step thousands of Australian shoppers decide which products are the best in their category.
We partner with leading global research firm Nielsen to conduct the study – Australia’s biggest independent consumer survey on innovation. Nielsen administers the study and puts together a detailed research report highlighting your category and general information on shopping trends and innovation. As a finalist, win or lose, you receive this report in exchange for participation.
Those brands whose products are voted Product of the Year, receive the rights to use the Product of the Year name, logo and reference the Nielsen survey in all marketing communications for a one-time winner fee of $18,500. This covers a full year of logo use in any media and Product of the Year works with winners to ensure all marketing claims pass legal requirements. This also covers inclusion in all POY-organized PR efforts.
Product of the Year winners typically see their sales increase by an average of 10%-15%.
Winners of the Product of the Year awards are announced in November at an awards ceremony in Sydney. The Awards Night is much more than an awards ceremony – it’s a celebration of innovation and ingenuity that attracts influential marketing and media executives from leading manufacturing companies, experts in packaging and design as well as industry media.
The Awards Night is a chance for the Marketing Directors and Brand Managers to receive their Product of the Year trophy in person and mingle with their counterparts and industry experts. All finalists and Jury members are invited. The admission is free and the drinks are on us.