pan
set levels
consider eq
set levels again
add fx
set levels again
consider eq on the fx
set levels again
compression is used to tame loud sources, not make soft sources louder, that is what gain amplification is for (move the fader up, adjust the gain trim at the top of the channel if your mixer has it).
eq should be subtle unless you are trying to drastically alter the source, in which case you might consider adding filters to the source before going down the eq path.
Master buss limiters and compressors are better left to the mastering phase.