The invention discloses a preparation method of a low-temperature-domain high-performance water-soluble damping coating and a product. The preparation method comprises the steps that 1, 30-40 parts ofacrylic resin blending emulsion, 10-20 parts of deionized water, 0.3-0.8 part of defoaming agent, 0.3-0.8 part of dispersing agent, 10-20 parts of 200-1000 mesh of calcium carbonate powder, 10-30 parts of 100-600 mesh of sericite powder, 0.4-0.8 part of thickening agent and 0.1-0.3 part of low-temperature damping performance modifying additive, wherein the acrylic resin blending emulsion is prepared by blending four acrylic resin emulsions with the glass transition temperatures of -40 degrees, -20 degrees, 0 degree and 20 degrees respectively, wherein the weight of each acrylic resin emulsionis 3-10 parts by weight; 2, the acrylic resin blending emulsion, the deionized water, the defoaming agent, the dispersing agent and the low-temperature damping performance modifying additive are putin a stirring container, and stirring is performed at the rotation speed of 500 rpm for 5 minutes; 3, the calcium carbonate powder and the sericite powder are added into the stirring container, and stirring is performed at the rotation speed of 1000 rpm for 10 minutes; 4, the thickening agent is added into the stirring container, and stirring is performed at the rotation speed of 1500 rpm for 10 minutes; 5, the low-temperature-domain high-performance water-soluble damping coating is obtained.