The first thing we do is start with observation. Who is involved in the passage? Jesus. His followers. The Jews. Mary. Martha What is happening? Jesus is standing in front of the tomb of Lazarus. He is weeping. And so on. Who. what.when. where
The second thing is interpretation. Why is Jesus weeping? Is He a cry baby? Where is the evidence? No, he is not a cry baby. What does this tell us about God? If you hold that Jesus is the God/man, then we can learn something here about God. So why is He crying?
Then we end up with application. Why does this mean to me?
I suggest strongly that you have a pencil or pen and a pad of paper with you as you use this method. You would want to record what you are discovering. The main reason is that you want to share this with others. Christianity is not a solo act.