The invention relates to a preparation method of lithium iron phosphate, an active substance applied in the anode of lithium-ion secondary batteries. The method comprises a mixture that contains lithium compound, iron compound, phosphorus compound and carbon source additive is sintered and cooled to get a sintering product; wherein, the iron compound is ferric iron compound; the sintering method is carried out in inert atmosphere or reducing atmosphere; the mixture is sintered at a first constant sintering temperature, and then the sintering product is acquired; the sintering product acquired from sintering at the first sintering temperature is cooled to room temperature and ground; the mixture is sintered at a second constant sintering temperature, and is cooled to room temperature in inert atmosphere or reducing atmosphere; the second sintering temperature is at least 100 DEG C higher than the first sintering temperature. The lithium iron phosphate acquired by the method of the invention has relatively high specific discharge capacity and specific volumetric capacity, and the produced batteries have small size, high capacity and good discharge performance at high current, and the invention can combine the advantages of lithium iron phosphate prepared by taking ferrous iron and ferric iron as iron sources respectively, thus the performance can be remarkably improved.