The invention provides a method for preparing self-shine liquid shoe polish. The self-shine liquid shoe polish is prepared from 500g of synthesized ester wax, 300g of microcrystalline wax, 500g of oxidized microcrystalline wax, 600g of montan wax, 600g of common paraffin, 200g of beeswax, 300g of rosin modified alkye resin, 100g of PCP-sodium, 800g of oil-soluble dye, 800g of acid dye, 500g of formaldehyde, 100g of defoamer and 6,000g of deionized water. The method comprises that: firstly, various waxes in proportion are heated and melted; an emulsifier is dissolved into water in another container, and the solution is heated to the melting temperature of the mixed wax; the melted mixed wax is poured into the deionized water and fully stirred to form wax emulsion; and the wax emulsion is orderly added with solvent, resin, dyes and other auxiliaries for even stirring, and the mixture is packaged into a bottle with a brush.