For beeswax, I do a 50/50 mix (roughly) of some sort of oil and the wax. The oil is usually a "Mediterranean blend" from Costco or whatever olive oil we have around. I melt it, put it in some silicone cupcake molds, let them cool & you've got many a year's supply. This mixture is good for bowstrings, leather treatment (boots), waxing broadheads against rust, coating the fletching end of my woodies (melts fast & I can rub it in when it's just a little warm) and a bunch of oddball uses. Mix in some wood shavings and you have a heck of a firestarter -- half a cake takes a match very well and gives about 45 min burn time. Tons of uses.
If you really want to have some fun with it, do an oil infusion of pine, cedar, bear clover, sage or whatever smelly stuff grows in your woods. Soak it all in a jar for a few weeks and then add that oil to the wax and use it for your hunting gear. Every time you use it, you put the smell of the woods on your gear instead of a more foreign smell like parafin. I did an incense cedar infusion last summer and the wax still smells strong.
But be warned, my bees always come over for a smell for a couple days after applying wax to my string. It can get a little annoying when you're at full draw and the bees start buzzing in your ears. They don't like the sound of the bow anyway. But I'm shooting less than 20' from my hives so you're probably fine. If they start coming over for a smell, I just put the bow down on the ground for a few minutes to let them check it out and then they tend to leave me alone after that.