The right way of storing clothes usually costs much money and effort as compared as to how we usually do it ourselves.  But if you are the type who is serious about extending the best state of your valuable clothes, then maybe you would not mind splurging a bit for this.  I recommend that you buy a special hanger for different clothing type
1. Latest coat hangers for suits can also hang jacket and pants or skirt simultaneously.  This will help save closet space.
2. Padded satin hangers can help get rid of those annoying pointy shoulder marks on tops.
3. Trouser hangers with rounded bars are best to prevent creases way down your pants.
4. Use specialty hangers for belts and scarves to better organize your closet and save closet space as well.
5. Use tiered hangers to hang several clothing pieces on just one hanger.  This will also help save space.