Our living room was getting quite crowded and beginning to resemble a toy store... so after seeing an idea on Pinterest (of course!) I decided to separate Sam's toys and rotate them. I got 4 bins and separated his toys so there is a nice variety in each.
They are stored in the basement:
Once or twice a week we switch bins so Sam gets a new variety of toys to play with.
Some toys still stay out all the time; books, puzzles, blocks, balls... but the rest are rotated. It feels like we get new toys every week! And it helps us keep track of the little pieces better.