An inexpensive and easy way to make Easy Readers is to use your child's favorite coloring books and re-write the text. Write sentences on post-it notes, masking tape or white cover-up tape you can find in office supply or teacher stores. I like Post-It Labeling and Cover Up Tape.
Using this technique you can incorporate words your child is struggling with or word lists from their teacher. Check out grade level word lists at dolchsightwords.org.
The example below teaches the sight words THIS and IS. Anna and Prince Hans will become sight words the more the child reads them.
Kids love seeing their favorite characters and learning to read their names. I've also done this in the classroom by making copies and small packets for the entire class.