Hi tubby....
It starts with what type of music/song it is.
My home studio really only ever sees :
Aggressive rock
I have been an assistant on a few jazz and reggae songs but only during tracking, so ..I can't comment on mixing techniques.
So...always taking that the player, the drums, the room, mic placement..and all that junk was thought out, and the drum trax sound good from the source...this is what I do (there are MANY different approaches ,..techniques..TRY THEM ALL)
Aggressive rock
I like busses. I'll make 2 stereo busses, 1 names 'DrumBuss', 1 named Drum Squish. Both share the same buss input, and output the the MasterBuss. I'll leave the 'Squish' muted for now.
I bring the faders up on ALL the trax in the song (vox, guit, vocal, keys) to where I can sort of 'hear' the song as a whole (obviously not mixed yet).
I'll then mute all but the drums tracks, the DrumBuss, and the bass guitar.
Now all the 'personal taste' compression, EQ decisions are made, dependant on individual track needs (the kick isn't punchy enough - the snare doesn't 'crack', or it has no body...etc.).
** note - I do have some effects sends set up (reverbs, delays) that I have for the snare, toms, and room, and I do add these in 'lightly' while just mixing drum and bass ** ... I won't get into this part too much...
I personally like buss compression for my drum tracks, for gluing and adding more 'punch' to the whole kit (mostly kick and snare). If any EQ changes need to be done after I insert my comp on the 'DrumBuss',...I'll make those EQ adjustments on the individual tracks (not by adding an EQ on the DrumBuss). Many engineers like to use an EQ on their DrumBuss,..I don't...personal preference,..neither is 'right' or 'wrong'.
From here I usually have a pretty kick ass drum sound (but I havn't mixed the other trax yet)....so I'll start working on making the bass guitar cut through and play a little better with the kick drum. I'll unmute all the other raw trax while working with the bass guitar to make sure I'm mixing everything 'together' - rather than one element at a time.
I'll start working on the other trax - giving each what it needs 'for the mix' - and at this point the drums have lost a little of that 'punch'...so...
I'll unmute the 'DrumSquish' track, and insert an EQ, and really shape the EQ to focus mainly on the 'meat' of the drums' (snare, kick - less cymbal)....and then insert a comp, with a generous amout of compression...almost limiting...to really bring out the attack of the kick and snare....and bring the 'DrumSquish' up under the 'DrumBuss'...to taste.
Now...with all my trax balanced (mostly) ... I'll go back and listen to the effects sends for my drums, which now are probably a little low in the mix now, and may need to be brought up a bit.
Thats pretty much it for drums..
Hope this helps...I'll chime back if I remember something I missed...
Cheers,
-LIMiT