You're 2 thirds of the way there. Usually first off, there is a README and/or INSTALL file with the tarball after it's unpacked to let you know what to do to configure and run the program. Some require a ./configure while others only need a make then install, bringing us to the final third of the program install. As a user, after the ./configure and make type su then enter the root password to become superuser and then type: make install
Most programs default to installing files to either /usr/local/bin or /usr/local/sbin. If not, the README or INSTALL files will say where and what it is and how to use it.
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