If you are using a NON O Ring chain then Chain wax may be a better option. I have 2 chains and I wax both of them and every 1,000 miles I simply remove the chain on the bike (and then re-wax it and put it on the shelf) and replace it with the already waxed spare chain. Here is some more info about it, from an article I wrote some time back.
The only manufacturer that I have managed to find that makes Motorcycle Chain Wax is Putoline Chain Wax 1kg. Despite its name, it is the traditional motorcycle chain wax (not the wax chain lube in a spray can). Big metal tin (24cm by 7.5cm), that has solid wax, heat up the tin, the wax melts and penetrates deep in to the chain. I have not found a supplier in Australia but you can buy it on the internet, search for Putoline Chain Wax 1kg, the 1kg bit is important since you do not want wax chain lube in a spray can (which is totally different, more like chain oil!). It can be purchased from these folks in New Zealand
www.bits4bikes.co.nz though these folks can also help out
http://www.motozone.co.nz/
Chain wax still by far the best way to lubricate a non-o ring chain saving you not only a fortune in new chains and sprockets (chain and sprockets will last much, much, much, much longer), but also keeps the chain in a near new condition, so resistance does not build up anywhere near as much (more power at back wheel). BUT Chain wax CANNOT be used on O, X or Z ring chains, since it would melt the rubber of the rings.
The chain wax can be used over and over again (since it uses very little wax per chain), so one tin will last a very long time, will not age and will be good for many, many years. The chances are if you are under 50 years old, you have never heard of Motorcycle Chain Wax. If you are over 50 years old and were motorcycling in your youth, you have probably used it and know everything about it. Remember you cannot use this hot wax on any type of “sealed” chain.
M