Once an account reaches more than one million followers, the sky's the limit on what they charge. "It's somewhat of an unspoken rule that influencers can expect to be paid $10.00 for every 1,000 followers they have, once they hit the 100,000 threshold."

Do Instagram users get paid?

IGTV has become a powerful way to connect with your audience. With IGTV ads, creators you can earn money for the content you produce. When you monetize content on Instagram, you provide brands the option to promote themselves within the videos you post.

How many followers do you need to make money on Instagram?

With just 1,000 or so followers, you can make money on Instagram. Neil Patel, a widely known digital marketing specialist, says the key is engagement — followers who like, share and comment on your posts. "Even if you have 1,000 followers who are engaged, the potential to make money is there," he writes on his blog.