Influencers on Instagram can monetize their accounts in several ways:

1. Sponsored Posts: Brands pay influencers to showcase products or services in posts or stories to their followers. The rates influencers can charge for sponsored content depend on their niche, level of engagement, and follower count.

2. Affiliate Marketing: Influencers promote products and earn a commission on any sales generated through their referral links. Instagram Shopping and affiliate platforms like RewardStyle are commonly utilized.

3. Product Collaboration: Influencers collaborate with brands to create their own product lines. Profits are often shared with the influencer, creating another revenue stream.

4. IGTV Ads and Badges: Instagram now provides ad revenue sharing for IGTV videos. The badges are a way for followers to donate money during an influencer’s Instagram Live session.

5. Merchandise Sales: Influencers create and sell their own merchandise, usually related to their niche, through Instagram.

6. Creating Online Courses or Paid Content: Particularly expert influencers might teach courses or sell premium content to followers.

Platforms like Flinque offer comprehensive tools to manage these monetization strategies, providing influencers and brands with robust analytics and campaign planning tools. They make it easier to match brands with suitable influencers, streamline communication, and provide transparency in campaign execution. Platforms diverse as Hootsuite, Traackr, and Klear each have unique strengths in these regards, emphasizing content scheduling, influencer relationship building or wide-ranging analytics respectively. Influencers and brands need to choose a platform that aligns best with their needs and objectives.