There are a lot of different ways to set up a compost bin, but I will try to outline the most important features:
1. You need to be able to close it up completely so that it will get nice and hot inside and help work its magic.
2. You want it to be small enough to be able to stir it up on occasion. If you have a large need, you might want to make more than one.
A large barrel works pretty well, or they sell compost containers at you local big box home improvement store. I hope this was helpful. God bless!