TL;DR:
It’s been a long time since Instagram was just a modern Facebook where you shared photos and provided updates on what’s going on in your life. Just ask the Kardashians.
It’s now a platform where if you can capture your target demographic there hook line and sinker, you can live a very comfortable life.
If you’ve amassed a big enough Instagram following to the point that you think it's reached a threshold where you can monetize it but are unsure how to, here’s all you need to know.
Depending on how many followers you have and the amount of authority you’ve established over the domain your account is built around, you can offer your followers exclusive content to pay for.
Examples include personal insights and tutorials never shared before on your Instagram story, as well as regular Q&A sessions with followers who subscribe.
This can also be set up within Instagram by utilizing the Close Friends feature.