1. Download the mod you want to install.

Remember where you downloaded the file.

Sample mod: Invasion Mod Forum post with download link
2. Extract the files.
Using a file extractor such as 7-Zip (Download 7-Zip file extractor), right-click
the file and choose Extract Here, or open it with your extraction program and
extract that way.
3. Copy extracted files to Warbands Modules folder.
For Steam users:
C:/Program Files (x86)/Steam/steamapps/common/mountblade warband/Modules, or
C:/Program Files/Steam/steamapps/common/mountblade warband/Modules
For non-Steam users:
C:/Program Files/Mount and Blade Warband/Modules, or
C:/Program Files/TaleWorlds/Mount and Blade Warband/Modules
4. Start Mount and Blade: Warband and check the Modules drop-down box for the mod
you installed.
5. Play!