Storage is kinda like colour theory - everyone has a theory, some are quite complicated, and it's guaranteed to send some quilters to cower in the nearest corner with a salty/sweet treat and an age-appropriate beverage as they contemplate the overwhelming mess that is the-room-formerly-known-as-the-dining-room. I'm not a famous quilter, so I don't have an awesome room of coordinated storage to show you. I would be glad to share what works for me, though.
One - nearly free plastic bins:
Another nearly-free bin, a clementine box:
Two - commercial storage: