You can do promos for brands and peoples.
Entrepreneur
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You've been posting for years to a lot of people thinking one day you're gonna get paid?
If you get enough reach your dm's will flood with scum accounts (think gore / cartel / porn girl bs - any account propogating filth basically) looking for promo either by story / pinned comment / even just a followback if you grow your account large enough. Typically charge 6-10$/1000 followers for most of these interactions - It's not alot of bread but it does add up over time & it's relatively passive income if you schedule all of your posts at the start of the week etc etc. Best of luck mate
Yes. Via paid promotions, sponsorships, merch if its relevant to your content. Indirect income could be start some business which relates to your content and using your Instagram as a marketing channel for it.