Building a white-labeled version of Salesforce using Bubble's no-code development tool allows makers to streamline their development time and focus on sales team building, regardless of their engineering experience. The process involves registering for a free Bubble account, completing introductory lessons and crash course videos, and then wireframing the product design or building necessary fields within the database. The steps include creating a CRM page to display lead data, a submission page to add new leads, and an update page to modify existing lead details. Building workflows is key to making the application functional, with each workflow triggered by an event and running a series of actions in response. By using Bubble's pre-built database and visual design tool, makers can create a custom CRM system, including displaying leads in a feed, adding dynamic content, and creating events based on elements within individual columns. Once complete, the app can be launched and scaled without additional costs, with paid plans starting from $25 per month.