My personal formula for painting Word Bearers Chaos Space Marines
  
Traitors Red: Armour and Cultist Clothes
Prime the sinister lad with   Chaos Black  or any black primer of your choice.
Basecoat the miniature with   Gal Vorbak Red  (I use an airbrush).- Shade the miniature with   Nuln Oil , if you have also basecoated the Grey Black or Gun Metal areas shade those as well.
 
Drybrush/Layer highlight the armour's panels and hard edges with   Word Bearers Red , focusing the drybrush on the high points.
Finally, edge highlight the model with   Wazdakka Red .
Ruined Cloth and Fabric
- Basecoat any cloth or fabric areas on the miniature with   Mechanicus Standard Grey .
 - Shade the areas with   Nuln Oil .
 - Highlight the model with   Skavenblight Dinge 
 - And edge highlight with   Stormvermin Fur .
 
Armour trim and Metalics
- Basecoat with   Iron Warriors .
 - Shade with   Nuln Oil .
 - (OPTIONAL) Highlight with   Ironbreaker .
 - Edge highlight with   Stormhost Silver .
 
Bones, Parchment & Wax
- Basecoat the areas with   Rakarth Flesh 
 - Shade with   Agrax Earthshade 
 - highlight with   Flayed One Flesh 
 
Edge highlight with   Pallid Wych Flesh 
Brass Accents
- Basecoat with   Warplock Bronze 
 - Shade with   Agrax Earthshade  
 - Highlight with   Brass Scorpion  
 - Edge highlight with   Runelord Brass  
 
Pipes, Undersuits, Leather and Gun casings
- Basecoat the desired areas with   Abaddon Black .
 - Shade with   Nuln Oil  
 - Highlight with   Eshin Grey .
 
Edge highlight with   Dawnstone .
Optionally, you can highlight with   Skavenblight Dinge  and   Stormvermin Fur  for a more grimy look.
Leather Pouches and Wood
- Basecoat with   Dryad Bark .
 - Shade with   Nuln Oil .
 - Highlight with   Gorthor Brown .
 - Edge highlight with   Baneblade Brown .
 
Eyes, Lenses and Plasma
Base coat the area with   Waaagh! Flesh .- Shade the area with   Nuln Oil .
 
For Eyes: Paint a small oval where the pupil will be with   Warpstone Glow . Paint a smaller oval in the middle of this with   Moot Green  to make the iris. Finally paint a small slit with   Abaddon Black  to make the pupil.
For Eye Lenses: Paint majority of the raised area with   Warpstone Glow . Add a dot of   Moot Green  to the inner side of the lense and finish with a dot of   White Scar  on the outer side.
For Plasma: Drybrush the area and edges with   Warpstone Glow  and   Moot Green .
Faces & Flesh
- There is a wide range of fleshy 'bits' on display in this army and so thus there are a few ways of tacklings them!
 
1: 'Normal Skin Tones'
- Give the chap a base coat of either   Rakarth Flesh ,   Bugman's Glow  or   Dryad Bark 
 - Wash with   Reikland Fleshshade 
 - Highlight with   Flayed One Flesh ,   Cadian Fleshtone  or   Gorthor Brown 
 - Edge Highlight with   Pallid Wych Flesh ,   Kislev Flesh  or   Baneblade Brown 
 
2: Bruised Flesh
- Basecoat with   Bugman's Glow 
 - Wash first with   Carroburg Crimson  followed by   Druchii Violet 
 - Highlight with   Kislev Flesh  
 
3: Tongues, Guts & Gore
- Basecoat with   Screamer Pink 
 - Wash with   Druchii Violet  
 - Highlight with   Pink Horror  
 - Edge Highlight with   Kislev Flesh  
 
Alternatively you can shade with   Drakenhof Nightshade  for units like possessed to make the more organic components on them blend into their armour better