IKEA shelf brackets can be used to add a little extra hanging space, as seen on Livet Hemma.
They did this whole closet for $82! Definitely a good possibility that one day I'll do this, or something similar.
small closets solutions | Save to Ideabook
Master Bedroom Closet Makeover Before and After
Maximizing space in a small closet. This is closer to the size, if one side looks like this the other should be more bars for hanging
How to Organize a Small Closet | Just a Girl and Her Blog
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Love this tidy and small closet organization plus in a walk in it only takes half the closet so your man can have the other half!
I would love to have this set-up. Of course I would also need to convert to hinged doors or bi-folds.