The narrator outlines 10 steps to create profitable Chrome extensions. The process begins with research on Chrome extension features and functionality. Identifying good niches and painful problems to solve is crucial.

Generating ideas comes next, with 7 strategies provided to uncover opportunities. Building a bare-bones MVP (Minimum Viable Product) follows, covering Chrome extension architecture. Beta testers are then recruited to refine the product.

The MVP is released using organic and paid promotion methods. Continuous iteration and feature addition aim to retain users and minimize churn. Scaling up the user base involves leveraging organic promotion, paid advertising, and partnerships.

The final step discusses exiting the Chrome extension business by selling for a 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 for larger Chrome extensions with higher income potential. The narrator advises against jumping straight into building an extension without proper research and idea validation.

The next lesson will cover a 30-day plan to reach the initial MVP stage.