And from that statement, I assume it's a USB-only printer and does not already have a network port? (Because if it did you would have already plugged it in, gotten it to work, and not be asking these questions.) Yes, you have options.

Here are your options, in the order of easiest/most succesful, to hardest/least successful.

1. Simply buy another printer with the networking feature or with the wireless networking feature built-in. I did that recently, and it was dirt-cheap. I got a "Brother" brand laser printer which has a 100 percent uptime, stays on the network, and goes into silent powersave sleep mode when it's not printing anything. I actually keep the printer in my recording studio, and it doesn't make a sound until I ask it to print something on the network. Super easy to set up, very cheap, works like a charm.

2. If your printer has an add-on option for networking, such as a card that plugs into the printer (many printers have this option), definitely buy that option. It might cost nearly as much as (1) above, but it will be easy to set up.

3. There are little boxes you can buy at office supply stores that have a USB port on one side and a LAN port on the other side. You can also buy full network hubs/routers that have an extra USB port for adding a printer. All these products are designed to solve the very problem that you're describing: They allow you to network a USB-only printer. However, I have used one before and it was TERRIBLE. It was one of the cheap brands like Netgear or D-link. I could get it working (after much fuss) and it would work for a while, but if the upstream network router got rebooted (after a power outage for example), the printer box would stop talking to the router and I would have to reboot it by hand. When the time came to actually print something across the network, i.e., when I needed it, it was never functioning.

Now, number (3) above might be the right solution for you (if they've improved the technology or if you happen to find a good one), I'm just warning you that there's a good chance you might have my negative experience if you try the same route.