The narrator outlines 10 steps for creating profitable Chrome extensions. The process begins with research, including learning about Chrome extension features and finding suitable niches. Identifying painful problems within these niches is crucial.

Next, 7 strategies are mentioned for generating ideas. The process then moves to building a bare-bones MVP (Minimum Viable Product) version of the extension. Beta testers are recruited to provide insights and help refine the product.

The MVP is then released and promoted using organic and paid methods. Continuous iteration follows, with new features added based on user feedback. Scaling up the user base involves leveraging organic promotion, paid advertising, and partnerships.

The final step discusses exit strategies, including selling the Chrome extension business for a potential life-changing cash lump sum. The narrator emphasizes the importance of not skipping the foundational work in steps 1 to 4.

A bonus step involves repeating the process to develop larger Chrome extensions with higher income potential. The narrator mentions a forthcoming lesson on a 30-day plan to reach the initial MVP stage.