There is no general method or formula which is "correct." You can probably ignore some of this advice and still do a good presentation… but following these suggestions may help.
1. Familiarize yourself with the assessment criteria. Notice, for example that whatever your topic, the focus must be on knowledge issues and that you should choose a contemporary issue (or at least one that is contemporary to you: a historical event that you're studying in History class qualifies).
2. Choose a concrete topic that interests you and find the TOK in it. TOK can be found almost anywhere, so use the opportunity to do something that you will enjoy doing. Do not just choose, say, the death penalty just because you have a book on it. Your presentation will come across much better if you choose something which means something to you personally: your own school, recent events in the news, cartoons, books and films are often fertile ground for presentation topics. Some of the most effective presentations start with an everyday story and go on to draw out the TOK aspects.
3. You should be exploring an issue; this means that you should present different points of view, even if they contradict each other and even if you disagree with them. You can try to reconcile different points of view or explain precisely why they are incompatible. You do not have to choose one point of view as "correct," but you should avoid the rather vacuous "so there are different points of view all of which are equally valid" approach. Do not be afraid to give your own opinion; you can point out that there are problems with your opinion, but be honest and say what you really think!
4. Try to cover the facts quickly and get on to the abstract TOK principles. If you have chosen a topic where there are important facts that the audience needs to know, then you should get through these quickly--there are no marks for dissemination of information! The focus of the presentation must be analysis, not description. If you can't summarize the facts in a couple of minutes then you should distribute to the audience a summary to be read beforehand.
5. Once you have drawn out the abstract TOK principles you should try to see what the implications of these principles are, and perhaps use these implications to reflect on the validity of the principles. For example, if you are considering the argument for the death penalty that states that murderers lose the right to life, the underlying principle seems to be "an eye for an eye." But what if you were to ask, "What do we do with a thief? Or a rapist? Or a kidnapper?"