There are two basic methods to start to make bacon from fresh product:
Dry Curing
Wet Curing
Both essentially accomplish the same result: curing fresh meat to preserve it.
There are two basic methods to make the cured product into bacon:
Cold Smoking
Hot Smoking
So you first have to choose your method of curing, then your method of smoking.
There is no better "right" way or "wrong" way; it's what you want to do and what type of finished product you wish to accomplish.
Dry Curing
Wet Curing
Both essentially accomplish the same result: curing fresh meat to preserve it.
There are two basic methods to make the cured product into bacon:
Cold Smoking
Hot Smoking
So you first have to choose your method of curing, then your method of smoking.
There is no better "right" way or "wrong" way; it's what you want to do and what type of finished product you wish to accomplish.