Use a perfume oil. I have a few bottles from the body shop and I mix them with my coconut oil and olive oil. I don't mix them all at once in a container. (I don't want to get the ratios wrong and make it too strong and waste oil) I put a dab of perfume oil in my palm and then mix whatever amount of olive or coconut oil I was planning to use for that application in my palm, rub my hands together and apply. I love it.
An essential oil may not be a good idea since, depending on the ratio of the base oil (coconut in your case) to essential oil, the EO might not be diluted enough and might be harmful and cause irritation. From what I've heard, EOs are very concentrated and potent.
ETA: Aveda has perfume oils as well, and a wide selection. I haven't tried them yet, but I'm curious. Also be careful about putting your mixture around the eyes and mouth, for obvious reasons.
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