This is a great tip if you work with a dremmel or a pendant motor.
If you are like me and are forever changing the burrs, drill bits and other accessories then read on.
I purchased some niobium magnets (also called rare earth magnets) 6mm x 3mm. You can see several of them stuck to each other in the front of the photo. They are little round discs, not dissimilar to watch batteries.
On a convenient part of your workbench, simply drill some 6mm diameter holes 3mm deep. Then push into this perfect hole, one of your magnets. These magnets are so powerful, that when you drop one of your drill bits onto them, they stand to attention. You can even see my hand piece spanner on one of the magnets.
So when you are working away, they are easy to pick up, easy to distinguish which one is which and this is just an overall fab idea.
Let me know your workbench tips and I will post any good ideas here.