Here is some quick tips on how to study a passage in the Bible:
1. Exegetical - Observations - Who, What, When, Where, Why, and How.
2. Exposition - Explanation - Meaning in the passage - Command, doctrine, theological principle, spiritual maturity, Evangelism, or faith living...
3. Devotional - Application - How does this applies to you and/or your hearer in the contemporary context.