The inductive method begins with observation — carefully reading the text to discover what it actually says before jumping to interpretation or application. Too many Bible readers skip this step, bringing their assumptions to the text instead of letting the text speak for itself.
The Bereans in Acts 17 modeled this beautifully. They did not simply accept what Paul told them — they searched the scriptures daily to see whether what he said was true.
These were more noble than those in Thessalonica, in that they received the word with all readiness of mind, and searched the scriptures daily, whether those things were so.
Acts 17:11
Good observation starts with asking six key questions of every passage:
These questions force you to slow down and actually read rather than skim. A passage you have read a hundred times will yield new insights when you approach it with fresh, observant eyes.
Study to shew thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth.
2 Timothy 2:15
As you observe, mark key words — words that are essential to the meaning of the passage. Look for words that are repeated, words that express strong emotion, and words that connect ideas (therefore, because, so that, but, if...then).
Pay attention to contrasts, comparisons, lists, and cause-and-effect relationships. Scripture is rich with literary structure that reveals meaning when you take the time to notice it.
Open thou mine eyes, that I may behold wondrous things out of thy law.
Psalm 119:18