I post this from my genuine thoughts that this might give the contributors some security since I truly think this movie is going to make money - while in the meantime I don't have the money to pay - the budget will go to equipment rental, food, transportation, etc.
Since deferred compensation is so disgusted by everybody, (which I had no clue) I might just ask people to work for free.
Add me to the list of folks who will never, ever work for deferred payment. As others have said, it's a guarantee not to get paid.
Low-/no- budget films can be made with volunteer crew, but it needs to be stated clearly up front what your intentions are and what the commitment terms are. There is one thing in your statement above, though, that caught my eye and is something of which to be cautious:
"... since I truly think this movie is going to make money..."
Not to be harsh, but... of course you do. That's pretty typical, because this project is your baby and you cannot help but to believe in it. Look at the larger picture, though, and accept the reality that most indie projects - especially from those who have no established recognition in the industry - will never go that far. And hey... if you do happen to turn it around and monetize it, you deserve a huge congrats for beating the odds!
What's important is to avoid becoming a craigslist stereotype, by which I mean a filmmaker who tries to get free labor by touting an unlikely potential that the filmmaker feels is a real winner. There are ads all over craigslist looking for folks to help make movies and TV shows for free, but instead of inviting people to flex their creative muscles and take part in a fun round of indie filmmaking, they pump it up by dangling carrots that are immediate turn-offs for anyone with senses of taste and smell. Only those who don't have those senses are willing to bite into the spoiled produce.
Avoid things like:
"Build experience." Well, duh. This means nothing to seasoned pros. Everything we do builds experience, so it should go without saying. The only ones that are attracted by this bait line are folks who have no clue.
"You'll get to work with some really talented folks." Well, I'd hope so. I'd hate to be on a project with a bunch of untalented hacks and wannabes. However, if I don't think that you're taking this seriously enough to want me on the crew without bullshitting me, I'm not going to take you seriously as a filmmaker.
"Could lead to other opportunities." Look, every gig I take is another notch in the belt, another line on the resume.
"This will look great on your resume." Really? If it gets shelved, never goes anywhere, or screens only to a handful of locals... who is going to care about that credit on a resume for a potential crewperson?
"In return, you'll get a free copy of the DVD." A free copy of the finished film won't put food on my plate, and doesn't give me much motivation to hop on board. If you want me to work for free, just tell me instead of hiding behind the illusion of sentimental swag.
"You'll be part of something amazing!" Don't care. Folks who do this, do it for the love of the craft. Pay or not, it's an industry that we choose to be in. To make this experience rewarding, simply be honest about the time commitment and production expectations. Don't try to sell me on what a great time I'll have.
Just poke around the film jobs on craigslist. There are a million of these.
You want to make a movie, and you have a shoestring budget. If you try to build a community of folks who love making movies and have some time to donate, not out of sympathy and not out of false promises, you'll end up with a winning team. That attitude should also carry throughout the production and post-production process. Heck, I jumped onto a 7-day film festival a couple of weeks ago, just because it sounded like fun (not because of a sales pitch from the producer, but because the 7-day challenge was intriguing). No pay, but the producer did feed the crew... which I'm glad to see is something you've budgeted for.
Side note: I took a paid gig recently on a pilot show (who the hell shoots pilots anymore?!). The producer originally wanted me to work on deferred payment. I didn't say no; I said, "Hell, no." He agreed to pay my day rate. He did not feed the crew... unless you count cold demo food from the cooking segments that had been sitting out for a couple hours. Never again.