In order to hard reset a LG Axis, you should perform the following steps.
Remember! Hard reset will delete all the data on your device; pictures, contacts, messages, apps and more.
LG Axis device will be brought back to the default configuration of a brand new device.
1. Power down the device.
2. Press & hold the Power, Volume Down and Home buttons. Let go of said buttons when an LG logo appears on screen.
3. Your device should now reboot and restart. Awesome.