You need to blend the mixture together. So heat a pan of hot water and use a bowl that fits in it. Turpentine is flammable so you need to be careful. Grate up the beeswax and place in the bowl with the turpentine and heat till it all melts. Take off the heat and allow to cool. Just before it starts to harden add any essential oil that you fancy for a lovely aroma. You can use lavender or lemon or anything really. Once it has cooled down completely it will be like a thick cream. You will have to put a bit of effort in to get a shine, and after a couple of hours the smell of turpentine will diminish.
To make the above polish more manageable you can melt a table spoon of soap in 4 a cup of warm water and blend into the above mixture.