I made a color matching activity that also works on fine motor skills. I used a large circle punch to make the circles out of various colors of construction paper. I also made color word labels and printed those out.
I glued the nine color circles onto a 12x12 sheet of cardstock paper and put the color labels directly under each color circle.
I set out a small container of matching color pony beads and the children put the pony beads on the same color circle. I put fifteen beads for each color in the container but you can do more or less and have the children count how many are on each circle after they have put the beads on.
Because of the size of the pony beads you will want to use supervision when working with children under the age of three and those still in the stages of putting small items in their mouths.