I've got a case where a client operates two brands that have always been treated completely separately. When we started running campaigns for one, we quickly noticed we were attracting customers who were a much better fit for the other. Now the decision's been made to openly acknowledge they sit under one umbrella: one brand is a manufacturer, the other a SaaS tool.
On paper, the target groups differ. The manufacturer serves businesses ordering in bulk or large enterprises needing API-based production connections. The SaaS tool offers essentially the same functionality but via existing integrations like Etsy, making it more suited to SMBs. In reality, though, there's a huge overlap in the customer base.
I'm running workshops with the team next week, but I'm a bit stuck on how to frame the approach. Should we keep them as two separate brands with two separate budgets, even knowing the audiences overlap? Or should we start aligning messaging around the shared ecosystem?
Has anyone dealt with a similar situation? How did you handle the positioning and budget split?