Yes, it is possible to make money on Instagram. There are several ways to monetize an Instagram account, including sponsored posts, affiliate marketing, and selling products or services. However, it is important to note that it can take a significant amount of time and effort to build a large following on Instagram, and not all accounts will be successful in monetizing their content. Additionally, it's important to be aware of the platform's terms of use and advertising guidelines, and to disclose any sponsored content or affiliate links in accordance with them.