I've got an idea of making perfect lip balm. Surely this is easier to buy it in the shop, but making your own lip balm is more interesting and besides you will know exactly what is inside, sometimes it is quiet important if wish to care of your body.

For lip balm you need:
30% beeswax
40% hard oils (choose any you like)
30% liquid oils

Melt everything together using water bath stir up and pour out in small pot. Put it into the fridge and straight next day you can use it.