You can use the "for" loop to do this. something like..
for WORD in `cat FILE`do echo $WORD command $WORD > $WORDdone
normally i would ask what have you tried.
while read -r line do command ${line} > ${line}.txtdone< "file"
IFS=$'\n';for line in `cat FILEPATH`; do command ${line} > ${line}; done