An alcohol-soluble resin and a method for preparing the same, in which the content of vinyl acetate monomer in polymeric raw material is 50% to 90%. In addition, acrylic ester monomer and other reactive functional group-containing compounds have been mixed in the raw material to ensure the performance of resin for special requirements in application. Also provided are products produced by using the resin, such as alcohol-soluble ink, composite adhesive, lustering oil for printing, glazing lacquer for woodware, superficial decorating coatings for plastic materials, safeguard coatings of metal surface and hair colorant, as well as preparation methods.