Cryptocurrency – Here’s what I’ve learned, earned, and how you can make passive income with it

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

If you’re like most people, you’ve probably heard about Bitcoin and/or different types of cryptocurrencies by now.

People say all kinds of thing about crypto: it’s going to inevitably crash, it’s the new money, it’s the easiest way to become a millionaire…

And really, who knows what’s going to happen!

I certainly don’t. But because I’ve been dabbling in cryptocurrency for several months now, I thought I’d share my experience (not opinion) with you.

And before we go on, don’t worry: I’m not about to proclaim myself a cryptocurrency expert. There are lots of people doing that, as it’s very easy to be an expert when something is doing well. :)

Actually, since crypto is so hyped-up right now, I debated even writing this post. But since many of you are interested in alternate ways to earn income, I went for it.

I am not currently selling, nor do I have plans to sell anything crypto-related.

I will include some (mutually beneficial) affiliate links which you can use or not use, but I’m really not invested in what you decide to do.

If nothing else, I figured this would be a good post to hand off to my friends who are interested in cryptocurrency.

This is not meant to be an “be-all, end-all” post. My intention is to share my experiences with you, give you my honest feedback, and then let you know how you can get started if you choose.

That said, let’s dig in…

Initial Results

Back in April or May of 2017, Don held a mastermind at our house. One of the attendees was James Renouf, who was raving about cryptocurrency and all of its potential.

Fueled by James’ enthusiasm and some of his answers to my questions, I decided to invest in Bitcoin.

I signed up for Coinbase, which is the easiest way to get started, but they limit the amount you’re allowed to invest in the beginning.

I put in $500 back when Bitcoin was worth $1,932/coin.

Actually, I kept pretty detailed spreadsheets. You can see the investment amounts I put in, coin values when I purchased, and how much Bitcoin was worth via this screenshot of one of my spreadsheets:

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

With Bitcoin alone, which my friend affectionately calls “Grandma Coin” for its slow ROI, I’ve more than tripled my $11,079.95 investment. The coin has gone up quite a bit since those investments.

There are many other coins – main ones and lesser-known ones called “altcoins” – that yield significantly higher returns.

More results over time…  

As I’ve continued to invest in Bitcoin and other coins, I’ve continued to see great results. I made some silly mistakes in the beginning (like “day-trading,” which is when you try to time the market and buy when coin prices are low and sell when you think they’re high – don’t do that!), but I’m still up well over $50,000.

Had I not wasted time day-trading, I would’ve had a LOT more profit to report. I’m not complaining, though.

On September 9, 2017, I invested $250 for my mom. Between Bitcoin and a couple altcoins, she’s earned a 792% return on investment (at the moment, crypto is volatile and goes up and down. This is the lowest I’ve seen in a while, but I know it will go back up over time).

Two or three months later, my sister asked me to invest $500 for her. I was slightly worried that Bitcoin seemed very expensive at the time – around $7k – but I told her that we might see a dip that would even out over time and that I’d try out some altcoins for her. We actually kept most of that $500 in Bitcoin, as I was too busy at the warehouse to do much, and her investment has over doubled.

Do I recommend getting started?  

A lot of people say that cryptocurrency is in a bubble and it won’t last forever. Others say the government won’t let it last forever, while others say the whole thing is a fad.

That may all be true… AND the way I look at it is that even if we are in a bubble, and even if it’s only short-term…. there’s a lot of opportunity.

I would definitely recommend that you invest something. If you can not go out for a few meals/movies/other luxuries for the short term and put in even just $100, I believe it’s worth trying.

Even if we are in a short-term spike, you can always take out your principal and let the rest ride.

Here’s the thing. There is not ANY crypto investment I’ve made – even in testing out lots of alt-coins – that hasn’t at least doubled since I put my money in.

Sometimes it took waiting a little bit (as in, 1-2 months), but it always went up.

Now, I’ll be totally transparent. I don’t understand blockchain or cryptocurrency all that well. It’s a lot of tech-speak to me, which generally makes my eyes glaze over. I got started without asking a lot of questions (my general approach) and reaped some great rewards.

Because I don’t understand it enough, I wouldn’t tell you to put your life savings or any amount of money that you can’t afford to lose into it. But I would absolutely, unequivocally, recommend putting in something.

This isn’t a substitute for running a business, doing LHS methods, and it isn’t meant to be a “get rich quick” scheme. My thinking is that if the predictions are right, and cryptocurrency really is going to the moon in the future… you’ll be very happy you got in.

And otherwise, well, you put in what you could afford to lose.

How you can get started
(IMPORTANT – do this now, even if you’re only mildly interested)

If you’re even remotely interested – even a “2” out of “10” on interest – I recommend signing up for as many (safe) exchanges now as you possibly can.

I say this for two reasons:

1) Crypto is gaining a lot of popularity. Exchanges often shut down for days at a time to accommodate all the new signups and there isn’t usually an ETA listed on when they’ll open back up. When this happens, you don’t have the option to invest at all.

Even right now, I’m seeing this message on one of the more popular sites:

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

2) Some places, like Coinbase, limit the amount of money you can spend according to how long you’ve been a member. Sign up now just so you have the OPTION of spending more if you wanted to.

That said, here’s how to get moving.

Step 1: Deposit USD 

The first thing you want to do is sign up for an exchange that allows you to deposit USD.

You’ll find many exchanges, but very few of them accept USD.

The first thing you’ll want to do is sign up for Coinbase. This is where most people get started. The fees are higher, but it’s very user-friendly and easy to get started with.

If you use my affiliate link to sign up and then invest $100, we’ll both get $10 BTC.

Another place you can deposit USD is Kraken. I had a crazy-hard time getting verified with them and I find their interface very hard to use, but you might want to sign up as a secondary option since Coinbase limits your spending.

With either place, you’ll need to verify your ID and sign up with your bank account. This takes a day, two days, or longer.

Step 2: Buy a coin.

There are a few coin options that you can buy from Coinbase. Most people start with buying Bitcoin, but each coin has its benefits. It really depends on your strategy. If you have no strategy, I’d start with Bitcoin, as it’s easy to exchange into other alt-coins.

Here’s how to buy from a browser, copied from Coinbase:

  1. Go to the Buys page.
  2. Select the type of digital currency you’d like to buy.
  3. Enter the amount you’d like to buy denominated in either digital currency or your local currency.
  4. Select the wallet you wish to have your funds deposited into.
  5. Select your desired payment method.
  6. Confirm the order is correct and click Buy.

From there, you can either hold on to your coins as they appreciate in value, exchange them for alt-coins, or do a combination of both.

Step 3a: IMPORTANT – Exchange them for alt-coins (optional)

I’m giving this the “IMPORTANT” tag because, again, a lot of these places close down frequently with the surge in popularity, so I recommend that you sign up for each site now and start the verification process.

There are multiple exchanges that list multiple types of coins. Unfortunately there are no exchanges that have every good alt coin so you’ll need to sign up for multiple places.

The way it works is that each place you sign up with (list below) will give you an “address” that looks like this:

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

You’d go into Coinbase – Accounts – BTC Wallet, click “Send,” and send a certain amount of Bitcoin to the address you were given.

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

(By the way, you’ll notice I don’t currently have much BTC inside Coinbase. I’ll explain where mine is as we go along.)

After you send the Bitcoin, it takes a little bit of time to deposit into the exchange. Once it’s received, you can start trading it for other coins that may have a higher ROI.

Here are some of my favorite exchanges that host some of the most profitable alt-coins (sign up for them now if they’re open!):

Cryptopia – Cryptopia has a lot of good alt coins, including one of my favorites: ETN.

Binance – Binance is one of my most-used exchanges. It has a wide variety of coins and many really good ones.

KuCoin – This one offers many alt coin options.

Changelly – I haven’t used this one myself, but multiple people refer to it.

Bittrex – This is one of the places I got started with. I haven’t made a lot of trades on it lately, but it does have some good options.

Poloniex – This exchange has some good alt coins, but it’s also an excellent source for passive income. As you scroll on, you’ll see why.

In terms of finding alt coins to invest in, that goes beyond the scope of this post, but I’ll link you to some of my favorite free places to do research:

Electroneum ETN – This is Pierre Werner’s group where they discuss multiple types of coins.

Crypto Mastery – This is another good group where Itamar Blumenfeld shares some great picks.

And if you don’t find any alt coins you want in either of these exchanges, you can also look at the Coin Market Cap to see what’s available. Just go into one of the alt coins and then “Markets” where it’ll tell you where you can purchase that particular coin.

Step 3b: If you hold them

Poloniex passive income


Poloniex Passive Income Strategy

As previously mentioned, is a trusted crypto-to-crytpo exchange that I’ve used to generate passive income.

Low-hanging, passive income is really big right now. And using the strategy outlined below, I’ve made $20 or so in a very short amount of time. I realize $20 is hardly a lot of money, but it is passive income, and earning it required little effort on my part.

Here’s how to get started with…

Click the “Create Your Account” button on the homepage. Fill in your information and hit “Register.”

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

NOTE: Depending on when you sign up, you may encounter the following message:

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

After registering, you’ll need to check your email for a confirmation letter. Click the link and sign in.

You’ll then need to submit your profile for verification before you can begin trading.

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

After, you need to start the ID verification process in order to protect yourself from identity theft. You can use a passport, driver’s license, or ID card. You’ll need to use your webcam to take a photo of your ID as well as a photo of yourself.

You should then see the following message:

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

I’m not exactly sure how long it took for my account to get approved. But when I checked back the following day, I was good to go.

After logging in, this was the first screen I saw (just so you can get an idea).

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

How Poloniex Works

Poloniex is divided into three tabs:


This is where you can purchase and sell any coins Poloniex supports.


You can also buy and sell coins here, but the difference is you use either a loan coins offer or a borrow coins offer from anyone who’s lending their coins in the lending tab.


This is where you can lend out the coins you’ve purchased from an exchange and earn extra money by adding interest.

Before you can begin lending, however, you first need to purchase some Bitcoin from one of the exchanges mentioned above. You don’t need to purchase a ton of coins — whatever you’re comfortable with — but the minimum amount of BTC you can lend is 0.01.

Once you have some Bitcoin, you need to deposit those funds into Poloniex.

Here’s how to do that…

On your Poloniex account, go to “Balances” and select “Deposits & Withdrawals” from the drop-down.

Look for the Bitcoin name or abbreviation, BTC.

On the far right-hand side, under “Actions,” you’ll see two options: “Deposit” and “Withdraw.”

If you click the “Deposit” link, you’ll get a Bitcoin deposit address. (It’ll be a long series of letters and numbers.)

You then copy that address and go to your wallet in order to make a Bitcoin transfer to the Poloniex exchange.

It’s pretty simple.

Next, after depositing your coins into your account, click “Balance” then “Transfer Balance” so you can move your coins from EXCHANGE to LENDING.

Once the transfer is complete, choose an interest rate — usually 0.03% – 2.00% — and create a “Loan Offer.” Poloniex lets you auto-renew your loan offers so you don’t have to watch them every day.

Below, you can see a screenshot of my active Poloniex loans.

If you want to learn more about how to earn passive income with cryptocurrency, check this out.

And that’s basically it! You’ll then start generating passive income!

Of course, if the BTC value drops, then your earnings will become less or stop altogether (nothing is guaranteed). But if you purchase just a small amount of Bitcoin, it’s pretty much the same as investing in any other type of business. Plus, since the value of cryptocurrency is on the rise again, the timing is great to give this strategy a try (just be mindful that the value may drop again).

Always do your own due diligence.

Best Practices

Here are a few best-practice tips to help you get the most out of your crytocurrency endeavors.


There’s a lot of market skepticism when it comes to crytocurrency. If you watch the news about it, you’ll undoubtedly hear multiple scare tactics and people spreading fear, uncertainty, and doubt (aka FUD).

Skepticism is kind of par for the course when it comes to innovations and new ideas, though. And so, if there’s a Bitcoin that you really believe in, hold onto it for dear life — or HODL.

As with any kind of investment, you may see Bitcoins drop, but as I was saying to my sister earlier, the value will likely rise with time.

Alt coins are a slightly different story, however. If you’re going to invest in alt coins, I’d suggest doing your research beforehand because there are some types of alt coins that you may not want to HODL.

Investing what you can afford 

Additionally, regardless of how you get involved with cryptocurrency (if you choose to do so at all), try not to let it consume too much of your time and energy.

When I first got involved, I was using an app called Blockfolio to track all of my holdings. But I was spending WAY too much time on crypto. Basically, you don’t want this to take over your life, and you definitely don’t want to quit your day job, so to speak. And you should never invest more than you can afford to lose.

Tax implications 

Taxes are complicated, but if you’re going to invest in Bitcoin or any other form of cryptocurrency, you need to learn about the tax implications.

Basically, if you hold cryptocurrency as a capital asset, it’s going to be taxed as your property, meaning that capital gains rules apply (similar to buying and selling stock). Here’s what Intuit Turbotax has to say:

“If the Bitcoins are held as a capital asset, like stocks or bonds, any gain or loss from the sale or exchange of the asset is taxed as a capital gain or loss. Otherwise, the investor realizes ordinary gain or loss on an exchange.”

Another thing you should know is that you may have to pay taxes even if you don’t cash out your cryptocurrency. Kelly Phillips Erb says to think of it this way:

“If you trade in your Amazon shares for Microsoft shares, that’s a taxable transaction, even if you don’t take cash out of your brokerage account. Same analysis.”

If you’d like some help calculating your Bitcoin-related taxes, check out With this website, you’re able to import the details of any transactions you’ve made involving Bitcoins or alt coins and the site will come up with a tax position for you.

You’ll get to see a Capital Gains Report, an Income Report, a Donation Report, and a Closing Report, detailing your net profit and loss and cost basis.

Protecting yourself and your assets 

It’s important to proceed with caution because there are hackers out there who WILL steal your stuff if you’re not careful.

First, you should NEVER give out your account information to anyone. Period. Hopefully that goes without saying. And second, I’d recommend purchasing a hardware wallet (one that’s unused) or MyEtherWallet for account security.

There’s a lot to take in when it comes to cryptocurrency. And especially if this is brand new to you, it can feel like a whole new world with a whole new language.
This blog post isn’t a be-all-end-all resource, however. I created it to give you a nice primer along with an opportunity to create some passive income. So if this is something you’re really interested in, as I mentioned before, you should always do your own due diligence before diving in.
But if you do decide to invest, I’d love to hear about your experiences! Please leave a comment below and let me know how things are going for you.
If you want to learn more about how to earn passive income with cryptocurrency, check this out.

Here are my top three favorite books + key takeaways

These are my top three favorite books and the more important takeaways from each.

I love to read.

Sometimes I read via traditional text, other times I listen to audio. Part of my morning routine is listening to a new book summary from Blinkist (an app that gives 15-minute, “big idea” takeaways from popular self-development or business books) while stretching.

I know this isn’t the same as reading an entire book, but Blinkist does a pretty great job and I love learning new ideas every morning. I also make a note to read full versions of any book that is particularly useful.

My assistant and I were talking about making you a list of some of my favorite books, but I think some of those lists aren’t very useful and are actually just overwhelming – giving you more and more to do.

So instead of giving you a big list, I thought I’d go over my 3 favorite books (plus some honorable mentions), along with some takeaways from them. This way even if you don’t fully read the books, you can learn something from this post.

That said…

Here are my top three favorite books (in no particular order)…

The Slight Edge: Turning Simple Disciplines into Massive Success
By Jeff Olson

I love this book because it makes a very compelling argument on how little actions add up over time.

It talks about how you don’t need to make huge moves in order to “win.” Consistent, small actions add up to excellence, and that is what ultimately makes people successful.

In terms of your business, this could look like making a daily Facebook post, a blog post twice a month, a new design a day… maybe it doesn’t seem like a huge deal at the time, but the compounding effect can be huge.

My mentor said that when Jack Canfield and Mark Victor Hansen were first working on Chicken Soup For The Soul, every day they would take 5 actions towards making their book a bestseller. It worked.

Reading this book was what prompted me to write 5 Minute Morning Boosters, actually.

Another thing I love about the “Slight Edge” philosophy is that doing little things every day versus big pushes once in a while is a lot easier on your nervous system. You feel less stressed and anxious about your work when you’ve done little things every day to pave the way for winning.

Man’s Search For Meaning
By Viktor E. Frankl

This isn’t a business book, although the lessons you learn from it can certainly be applied to your business. More so, though, the book delivers valuable life lessons about the importance of finding meaning and a sense of purpose in your life.

It chronicles the author Viktor Frankl’s experiences in the Auschwitz Nazi concentration camp during World War II when he endured some of the most horrifying things you can possibly imagine.

Frankl persevered and survived these atrocities by using a technique called logotherapy where he chose to focus on a purpose in life versus his immediate terrible circumstances.

To put it in very simplistic terms, he chose a compelling “Why.”

He talks about how important it is for each of us to find our own life’s purpose and sense of meaning, which can vary from person to person.

There is no general meaning of life, he says. Rather, meaning is derived from your unique set of circumstances and decisions. And your success and ability to survive depend on whether or not you’re able to accomplish this perspective shift.

To put it into business terms… maybe you feel frustrated by some annoying bit of technical work. If you shift your perspective and look at how this challenge can help you build an empire, or see it as only a temporary frustration that will eventually help you support the people you love… it can totally erase the immediate feeling of annoyance and help you carry on.

Mindless Eating: Why We Eat More Than We Think 
By Brian Wansink, PhD

This book was really interesting for me. It shows all kinds of things we do without thinking about them – mostly via eating, though the same thinking applies to all kinds of things.

It was fascinating to see how many things are done “mindlessly” – especially when those things aren’t necessarily the healthiest.

There are all kinds of cool experiments in it, like:

– The bottomless soup experiment. In this test, people were served soup that kept refilling (via an unseen tube) that they didn’t know about. The test was to see if people would eat more if they didn’t have the visual cue that the bowl was empty. (They ate 73% more).

– The popcorn experiment. In this one, people were given free (stale, 5-day old) popcorn. People were randomly given either a medium or large bucket. Not only did people eat the stale popcorn as much as normal popcorn — but people given the large buckets ate an average of 173 more calories than those with medium (about 53% more dips into the container).

– A wine experiment where wine was given out with fake labels suggesting that it was either from California or from North Dakota. A study showed that restaurant diners drinking the “California” wine rated it – and the food they ate – as tasting better, and ate 11 percent more of their food. They were also more likely to make return reservations.

There were other cool findings too, like showing how much more people eat candy when it’s near them at the office, or graze at the refrigerator, without even thinking about it.

The author says we’re all susceptible to marketing and a lot of our habits are heavily unconsciously influenced. But you can also use those unconscious patterns to eat less.

For example with eating, since people rely on visual cues to decide how much to eat (for example the plate becoming empty), you can serve food on smaller plates or in smaller bags.

Another fix is to keep track of how much you eat during each meal by holding onto some kind of evidence – for example, leftover bones from chicken wings.

There are many business comparisons in this book! For example, it’s very easy to mindlessly go on social media. Putting up things to block yourself, like Self Control App, can help a lot. (And if you’re interested in this kind of thing, you also might like Take Control Of Your Life).

Another business takeaway is that tracking really helps. If it helps, here’s a podcast I’ve done on this before – even though I now track different things. :)

Honorable mentions:

By Robert B. Cialdini

If you want to learn more about marketing, this book is incredible.

It goes over 6 “influencers” that show why people are persuaded (and how you can persuade – hopefully for good). It’s littered with examples.

The principles are:

– Reciprocity. People are willing to comply with requests (favors, services, etc) from people who provide things first. For example, the American Disabled Veterans organization says that a simple request for donations has an 18% success rate, versus sending out the same request with a small gift of personalized address labels boosts the success rate to 35%.

– Commitment/consistency. If someone takes a step – even a tiny step towards something, it’s much more likely that they’ll continue taking actions towards that commitment. In the book, there’s an example of a restaurant owner with a high amount of people not showing up for their reservations. He reduced the problem by getting a small commitment. Receptionists were trained to stop saying, “Please call if you change your plans” to, “Will you call us if you change your plans?” This dropped the no-show rate from 30% to 10% immediately.

– Authority. People are more willing to listen to people whom they believe has expertise. One study showed pedestrians being 3x as likely to follow someone into traffic against a red light if he were dressed in a suit versus normal clothes.

– Social validation. People are more willing to do things if they see evidence that many others (especially similar to them) are doing it. In the book, a researcher went door to door collecting for charity and carrying a list of others in the area who had already contributed. The longer the list, the more contributions it produced.

– Scarcity. The rarer something is, the more attractive people find it. A beef importer in the US informed his customers (honestly) that weather conditions in Australia would create a shortage of Australian beef. His orders more than doubled. When he added (honestly) that he had an exclusive contact in the Australian National Weather Service, orders increased by 600%.

– Liking/friendship. People prefer to say yes to those they know and like.

Originals: How Non-Conformists Move the World
By Adam Grant

This book challenges some big ideas and is very applicable to the Low Hanging System.

One of the sections it goes into is how quantity and quality of new ideas (and designs) are equally important.

Creative, successful people don’t necessarily come up with better ideas than other people do – they just come up with more ideas, thus increasing their odds of having a few winners.

For example, “Picasso’s entire body of work includes countless rugs and prints, 2,800 ceramics, 1,800 paintings, 1,200 sculptures, and more than 12,000 drawings. And yet. only a small number of these pieces gave Picasso his success and status as an international art icon.”

And even geniuses can’t figure out which one of their works will become timeless classics. Beethoven rated his own work differently than contemporary critics and disagreed with his critics 33% of the time.

There are many other good points to the book, but I thought I’d highlight the LHS one for this.

The Paradox of Choice: Why More Is Less 
By Barry Schwartz

This book is fascinating from a marketing standpoint and as a way to better understand people’s decision-making processes.

In today’s society, we have SO many choices. This isn’t always a good thing. Too many choices can lead to negative effects on our psychological well being. Having too many options means it’s harder to make decisions; plus, we become less satisfied with whatever we do choose.

It can actually be a good thing to restrict your options to feel better, because making any decision — no matter how small — typically involves some time, research, and at least a degree of anxiety.

Business-wise, this could mean having fewer offers (NOT for the LHS model, though :)), or giving people more tangible action-oriented information. Actually, the principles behind this book are why we didn’t give you a huge list of books to read but instead whittled the list down and gave you actual takeaways so that even if you didn’t read the books, you’d have gotten something from it and not felt guilty.

The New Psycho-Cybernetics
By Maxwell Matz and Dan S. Kennedy

A few versions of this book are available and I recommend the one featuring Dan Kennedy. The original one is a bit dry.

Generally speaking, the book talks about how if we think of our mental processes as being mechanized, we can overcome our negative thinking patterns and improve the way we view ourselves.

For example, if you want to relax your body and mind and stop micro-analyzing everything, one technique that can help is to create a mental picture of heaviness in your body. Imagine that each of your body parts is made of concrete. And as you begin to sink further down into whatever you are sitting or lying on, you release the tension in your body and mind at the same time.

It also goes into the power of visualizing what you want in the future, and how important that is.

4-Hour Workweek 
By Timothy Ferriss

I know this book has been around for awhile and that some of the information is outdated. But after first reading it, my perspective shifted a lot, so this list would feel incomplete if I didn’t at least mention it.

Most people don’t want to feel like they’re trapped in a job, working 9-5, without a lot of time to actually enjoy their lives. As an alternative, creating automated income so you can work fewer hours is a fantastic goal.

To accomplish this, make a few tweaks to your daily routine so you can find more free time for yourself each day.

For starters, don’t check your email first thing in the morning. Email is a “time thief.” Instead, dedicate the morning hours to your most high-level tasks and try to get them done by lunch-time.

12-Week Year
By Brian P. Moran

The general concept in this book is that it’s better to go for 12-week goals instead of 12-year goals. People often wait until the end of the year to reach yearly goals, so going for 12-week goals means you’ll theoretically get 4x as many goals met.

From there, it goes into creating weekly action plans, measuring your execution regularly, and focusing on your goals.

It isn’t necessarily groundbreaking, but it’s extremely helpful when implemented. I’ve used it and have loved it.

Bonus:  If you’re looking for another book to read, I recently launched my latest book Don’t Get Sucked In To Bad News. If you’ve been feeling stressed at all by what you’ve been seeing in the news lately, this book is a quick read that I think can really help a lot.

You can also check out my other books here.

These are my top three favorite books and the more important takeaways from each.

3 all-stars share their journeys from just starting out to winning at LHS

Now that Low Hanging System has been operational for awhile, I thought it would be cool to talk to actual members doing well to see what their journeys have been like and what advice they can share.

Below, 3 people walk you through their journeys from how they first started out to where they are now and what they’ve been able to do with their LHS earnings. Each person also shares some practical tips about maintaining a positive mindset and how to succeed with LHS.

I thought we got some interesting answers and would love to hear from more people. If you’d like to be interviewed, please let me know! I’d love to create a “series” of sorts, mixing up audio and written content and helping share all kinds of experiences and tips.

Now let’s check out the full interviews with Paul, Minh, and “Grace” (a pseudonym for someone who wishes to remain anonymous).

How did you get started making money online?

Paul: My first GIG was doing online retail arbitrage. After being introduced to LHS and on-demand production, I never looked back.

Minh: I’ve always had an entrepreneurial side in me and always searched to make a buck or two. I’ve done many things including surveys, online poker, making websites, and of course e-commerce. I actually started selling online on eBay since 2002. It was more so of a hobby selling random one-off stuff around the house. In 2012, I read about Amazon FBA through a group that taught you how to re-sell on Amazon by sourcing stuff at thrift stores such as Goodwill and Salvation Army and then started mixing in eBay flips, retail, and online arbitrage in 2013 and 2014. I stopped online arbitrage due to massive competition so then started creating my own product lines through private labeling around 2015. In 2016 I discovered print on demand of shirts, and of course mugs through LHS. Let’s just say I’ve tried a lot of things!

Grace: I actually attempted to sell makeup online several years ago and sold a couple thousand dollars’ worth, but not a great deal of success! I sold it mostly on eBay, and it just never took off. The biggest negative from that was that I had to invest in inventory (a lot of it!) up front. I did, however, learn about the importance of relevant keywords, which has been helpful in selling my coffee mugs!

Did you see success quickly?

Paul: It depends on what your definition of success is? According to my current definition, which is building a BRAND for long-term, consistent income and maybe selling that BRAND one day. Yes, getting the first few sales to validate the idea. After getting sales, the next step is to optimize and automate as much as I can.

Minh:  Not quite. I’ve had a lot of failures and made plenty of mistakes, but I felt that’s how I learned the most. Just to name a few off the top of my head. Things like making the wrong purchase decisions, not being organized, losing focus, and distractions in life. Doing LHS or just about anything in life requires time and persistence. You can’t expect to be successful overnight. You just have to keep pushing through. Plant the seeds now and reap the rewards later. In regards to LHS, one thing to note is that a majority (~80%+) of your designs won’t sell. It’s just how it works. Based on this you need to keep listing and listing. It’s purely a volume game (and of course quality has to be at least decent).

Grace: With the makeup, NO! LOL! But with coffee mugs and LHS, I had my first sale about 4-6 weeks after I started listing the mugs, which I was thrilled with! Then, I started selling like 1 per day or every other day, and sales slowly increased through Christmas. Then, they were kind of up and down a little for a few months, but I never, ever thought about quitting. I knew that if I could just keep moving forward, that eventually I could make consistent sales…and for the most part, that proved true!

What are your top tips to keep your mindset up?


  1. You have to clearly define your “WHY” before starting this. When things get challenging, my “WHY’s” keep me going.
  2. Write every night your goal for the next 2-5 years. You would be surprised how your goals get modified or written off your list as you grow.
  3. Listen to motivational speakers whenever I can — that could be on my way to grab lunch, walking from the parking lot to the office, or just waiting to checkout in the grocery store. Use every moment to your advantage.
  4. Creating a positive environment around me, like by using a vision board, appreciation letters, positive reviews from customers, audio books of famous entrepreneurs, affirmations, self-talk, etc.
  5. Try to help someone — it could be by buying food for a homeless person or by teaching someone to build a business, anything within my limits. This helps me to reinforce a lot of positive energy.

Minh: Ohh GREAT question. I can go and on about this but I’ll try to keep it short. I am a big fan for personal development, which isn’t discussed much in any course or just even in everyday life. It should start with your WHY. Why are you doing this? Is this a hobby or do you actually do want to make this a nice supplemental (and even primary) income? When your WHY is strong enough it should be the primary motivation to keep going especially when bump into obstacles. In addition, do you have a dream board? What are some of the goals you want to accomplish in life? It can be small or big, but having your dreams laid out is a constant reminder to yourself to keep pursuing in whatever you’re doing.

Having the proper mindset is so critical. You need to have the belief in what you’re doing. To strengthen the belief you need to surround yourself with positive like-minded people and great mentors.

Success leaves clues. Follow what the successful people doing, especially when they are teaching you the ins and outs of what they are doing. I joined LHS right when Rachel released the course because I believed in the potential of it. To add on to that, she’s very involved in the group and is transparent with what she does. What many people probably don’t know is that I bet she’s gone through a lot of failures herself to get to where she’s at. But she never gave up. It is VERY easy to give up. If it was easy then everybody would be doing it. It’s normal for things not to go your way. The key is to continue doing what you need to do on a consistent basis. Plant the seeds now (design and listings) then reap the reward.

Grace: To be honest and to paint a truthful picture of my journey, I have had many little (and some a little bigger!) bumps in the road. But every single one has been temporary. If I just keep doing what I need to do (list mugs with good keywords!), then the problems always work themselves out. Again, I’m just extremely persistent and refuse to quit, even when it seems like my efforts have resulted in less than ideal results. :)

I also have huge cheerleaders in my house…my husband and daughters. My youngest loves to ask, daily, “Mom! What’s your mug count so far today?!”  LOL! She is extremely proud of how hard I’ve worked and she loves my successes (big and small) as much or more than I do. Everyone needs a support system to help your mindset and kids or other family members are great for that!

What had you tried before LHS?

Paul: I tried online/offline arbitrage.

Minh: I’ve done online & retail arbitrage, private label, Merch, other POD platforms, Shopify, and drop shipping. What I love about LHS is the “passive” nature of it and how Rachel’s warehouse handles all the production and shipping. I’m all about passive and residual income as you get the most bang for your buck out of your time. You just have to put in the hard work up, eventually, your income will catch up to all your efforts.

Grace: I kind of mentioned this before, with the online makeup sales, but besides that, not really a lot of online stuff. But I just knew in my heart and my gut that LHS was a good fit for me!

How are you doing now?

Paul: I’m happy with my progress. I am still in the growth stage so there is still a lot to do.

Minh: Let’s just say life is an absolute rollercoaster ride. I’ve hit a lot of bumps in the road for the past few years. Business took a huge setback when my mom passed away in July 2017. She was my WHY. I’m doing better now but in terms of business, it’s been picking up again. Business life is very busy though. In addition to selling mugs and shirts online, I also do drop shipping and I’m also a health coach. So you can probably say life, in general, is busy, but you just have to stay focused and keep doing the daily activities.

Grace: So once I threw enough mud against the wall to see what was selling, I gained the courage to send some mugs into FBA, and that has been a crazy ride! It’s an entirely different monster than fulfilled-by-merchant and print-on-demand, but I’m determined to learn it, and my sales have been super consistent! So I’m going to keep moving forward with that as well, and I have Rachel’s “prodding” to thank for that! ;)

What have you done to scale your business, and can you offer any advice for people struggling with this?

[Rachel’s note – this is all suuuuper extra and not needed to start LHS with, so please concentrate on basics first!]

Paul: Delegating routine work offshore so you have more time to learn other aspects of your business.

Marketing on the various social media platforms. After testing various platforms, Pinterest seems to work best for my brand.

Suggest your product in Quora. This will help to increase your sales. Ask a friend to like your post so it ranks higher.

Post reply with a hyperlink in YouTube videos. This will also give you traffic.

If possible, make some videos and post to YouTube and other video platforms with backlinks and link initially to AMAZON, but once your product gets ranked, change your backlink to your Shopify store.

Make a GIF file of your product and post on and on other similar sites. Tag something like “dancing cat video” for CAT Niche products; be creative.

Minh: One of my big mistakes early on in my e-com career was to think I could do everything myself and not get help. At the time I was also working a 9-5 job in my corporate career, then add on 5+ hours a day doing this side hustle thing. This put a toll on my health. One thing many people overlooked is their health. Take care of your body; it’s the only place you have to live. I learned that working a lot doesn’t mean working efficiently. That’s when I started focusing on how to be more efficient. I outsourced and hired a few employees in the Philippines.

My team currently consists of a graphics designer and four virtual assistants (a whole family lol). Find your weaknesses and get other people to help out. In this case, I have ZERO design skills what so ever, so, therefore, had to get help. The next thing was how to scale. There was no way I could be listing that many products all by myself as I was busy with doing other things. Now I don’t recommend you going out and hiring 4 VAs off the bat. I would outsource once you’ve generated enough sales to cover the costs of hiring. I’ve developed a very close relationship with my team and consider them my 2nd family. Through trust, trial and error, they are running about 90% of not just my LHS business but other endeavors I’m doing as well.

For anyone looking for a VA or graphics designer, I highly recommend checking out There are a few other freelancing sites but I’ve found that was the best for me. Additionally, not to say anything bad about VAs from other countries, but I’ve found that Filipinos seem to fit what my needs are really well. They are very loyal, hardworking, speak fluent English, and affordable.

Grace: Probably the biggest thing I’ve done is to start FBA and to list on both Amazon and Etsy. I only have a portion of them on Etsy, but I get a few sales there per month and I LOVE the customers there. They just seem more tangible, and that fits my personality, so I have a lot of fun with them!

Are there any practical tips you can give around succeeding with LHS?

Paul: LHS is a numbers’ games so try to put as many designs out as you can. Have 40-50 design from Wordswag + Photoshop for the same slogan/ text. This gives me more sales, as different people have different taste.

For example, having “BEST DAD EVER” in 50 different designs has a higher probability of getting sales than 1 design for 50 different slogans.

After posting your product on any platform, run social signals. This will give natural ranking in search engines. You can get a social signal in Fiverr for 5 bucks. Social signals work on AMAZON, ETSY, and EBAY best because of high domain authority.

Match the beginning of the title of the product as Google’s auto search suggests.

(Social signal + Google’s auto-suggested word will give you a natural ranking in the search engines. This will give you an edge over your competitors, as NOT only you will rank inside AMAZON but you will rank also in search engines.)

Minh: The system that LHS has in place is fairly simple. It’s a numbers game. 80+% of your designs will likely not sell (maybe just 1 here, 1 there). LHS tells us what designs have been working best (which surprisingly shocked me) and what doesn’t on mugs. Yeah, it can get mundane and boring, but that’s why you gut through it early on until you get enough profit to outsource.

Set yourself goals and a system in place. The two primary things you need are designs and listings. Don’t complicate things. Many of us get into analysis paralysis when we complicate something that shouldn’t be complicated (I know how you feel because I had felt the same way before). For example, allocate X hrs per day to design, X hrs to list; or allocate to do X designs and upload X per day. Do this consistently every day (or at least 5 out of 7 days). You likely won’t see any results immediately, but over time eventually, it’ll catch up.

One of my favorite books of all time The Compound Effect by Darren Hardy. The basic premise is that the little small insignificant things you do today on a consistent basis will yield big rewards in the future. With that mind, don’t give up! We see the potential it can yield based on many people’s successes in the group, including Rachel herself. These people, including myself, are normal average people. I think the difference is putting in the hard work, patience, and commitment. Discipline is the bridge to your goals and accomplishment.

Grace: Yes, I think my biggest tip might be to chunk your time and your efforts. Otherwise, it’s easy to feel like you’re all over the place and don’t get as much accomplished as you might like to.

For example, spend a couple hours on researching keywords or niches, then spend time coming up with titles, then spend a chunk of time creating the designs! This seems to help me focus on one type of task at a time, then when I switch to the next task, I’m ready for a change (keeping it fun!), and I’m all about fun! And I DEFINITELY accomplish more when I am intentional about this.

Aside from Amazon, what other selling platforms (if any) do you use and can you offer any practical tips about getting started with / using those platforms?

Paul: I follow the 80/20 rule, and after trying many platforms, the platforms that work best are AMAZON, then Shopify, and then ETSY. So I am now focusing my energy on only these 3 platforms.

As I’m more focused on BRAND than SALES at this point, sticking to SHOPIFY makes the most sense to me. I only use AMAZON and ETSY as launching tools and product validation.

Ranking keywords in search engines.

Digital Marketing – You can have the best product in the world, but if you cannot market, you can never make money.

Tip – I can easily validate product designs using free AMAZON traffic. Analyzing Amazon business reports gives the winning product out of thousands of designs. Then, you can put those winning designs on Facebook, Instagram, and Pinterest ADS and drive traffic to your Shopify/Wordpress store. You can make this funnel more profitable by cross-selling or up-selling. During this process, you can also capture emails to promote other similar products or affiliate products.

Use Amazon to validate and promote your brand.

Listing the same product for a cheaper price on your website helps to increase sales. There is always a buyer who wants the same product for a cheaper price. This helps to get customers on your email list and also to beat hijacker prices. Google notices this keyword search and having actual sales on your website. Getting sales on your own website has long-term advantages.

Bing Ads are still cheap so use this in your arsenal to drive traffic.

Build your email list ASAP. It’s highly risky to depend only on third party platforms like AMAZON, ETSY, and EBAY.

Minh: I’m also currently selling on eBay, Etsy, and Shopify. Each one is different in its own way, especially demographics and SEO.

Ebay: One reason why I like eBay is that LHS/Gearbubble is also integrated with it, thus creating that “passive” nature again. Ebay’s Cassini search algorithm works in that it focuses heavily on the title. Focus on optimizing your title by including relevant keywords in the title that a customer would search for. Don’t include hyphens, dashes, quotes or any of those marks. Use all 80 characters they allow you, too.

Etsy: Although not integrated with LHS/GB yet, I’m excited for the day it will come. Etsy targets a different demographic. There’s also a different way on how to optimize titles (Rachel has training on that).

Shopify: Unless you have a ton of advertising funds to drive traffic and want to start your own brand, I HIGHLY recommend newbies to not venture into this yet. You own your store and have to drive your own traffic, which will get costly if you don’t know what you’re doing. Granted yes, LHS/GB is integrated but this is a beast on its own.

Grace: I sell on Amazon and Etsy, as I mentioned before, but I really focus most of my efforts and energy on Amazon. I will say that I have MUCH more communication with my Etsy customers and they seem to love it!

For example, I am quick to respond to my orders with a simple, “Thanks so much for your order!” They actually often respond! (Unlike Amazon customers!) LOL! I am more personable, by nature, so I find that refreshing! So if that is more of your personality, you would really enjoy selling there! :)

Share some of the tangible things you’ve been able to do with your earnings.

Paul: We sent this question in late and he missed it.

Minh: Quite honestly, I don’t spend much money on myself. My family is my WHY and a lot of it goes to help them. However, given this, it pushes me, even more, to try to succeed.

If anybody has any questions or would like to connect, they can add me on Facebook at Minh Chies Nguyen. I’ll try to help as much as I can :)

Grace: Well, that’s a really fun question! We purchased a little bit older of a home a couple years ago and decided to do a major remodel. So, of course,we blew our budget, overspent by a TON of money, made payments on that for 18 months, then I paid the last chunk of it off in January with money from my Christmas sales! WOO HOO! It was AWESOME! Thanks, Rachel!

When I started, one of my main goals was to make enough money to make my monthly car payments. But now I’ve got bigger dreams. I want to pay off my mortgage! And that won’t happen in one year, but it will happen!

What do you think about these interviews and the tips these all-stars shared? Get in touch by leaving a comment below and let me know!

Check our what these three ecommerce all stars have to say about their journeys and experiences selling on Amazon, Etsy, and Ebay.