How to monetize Instagram

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Hello guys!
I have an account with 20k followers about memes and music.
The engagement is 2%
Do I monetize it with promotions (shootouts) and how much should I charge them for example?
 
You could try promoting it with shoutouts. Ask yourself what types of businesses would be interested in buying a shoutout from you and try reaching out to them via DM maybe?

Best thing would be if you had businesses contacting you. Try charging $20-$30 for a shoutout to see if anybody is willing to pay for it?
 
You could try promoting it with shoutouts. Ask yourself what types of businesses would be interested in buying a shoutout from you and try reaching out to them via DM maybe?

Best thing would be if you had businesses contacting you. Try charging $20-$30 for a shoutout to see if anybody is willing to pay for it?
I will try promoting new artists because my IG is more in music and memes. Maybe new upcoming artists are interested
 
You can do shoutouts . You will automatically get requests once account has grown to some mark.
 
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