Clip spellbinders dies from each set onto a notebook ring (from Office Depot - size) and label each set with a metal rimmed tag, hang these from a little magnet on the Ikea magnet board. She used OXO "clippy" magnets from Kitchen store.
Use a magnetic board and favor tins to organize small things vertically. I'd like to put my spices in the tins, to save space in the kitchen! This link includes lots of great craft storage ideas, including using closet organizers for craft supplies.