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Youtube channels are able to be monetised indirectly, eventhough you are not able to monetise directly through Youtube advertising.
Gaining the 1000 subscribers enables adsense, however you are able to make money through the following channels:
Selling physical products
Offering a service (coaching/consulting)
Joint Ventures (affiliates)
There is a whole lot more involved in building up a YouTube channel, I am able to run through this as part of my YouTube building programme.
The most effective way to build up an IG account is to produce quality content that your audience enjoys but also look to collaborate.
Collaboration with another account is a great way to build up trust amongst your target audience.
I've built up twitter accounts and one I'm currently working on has over 1.5million views per month having built up the audience from 6,000 to 9,000.
Happy to discuss.