Benefits of networking either wired, wireless or both in business or homes are:
File sharing - Network file sharing between computers gives you access to all files even if they are stored on another computer or backup drive. Not only can you share photos, music files, and documents, you can also use a network to save your important data on a different computer. Backups are one of the most critical yet overlooked tasks in networking.
Printer sharing - Once a network is in place, it's easy to set up all of the computers to share a single printer. Although a network printer is an advantage it is not necessary. A USB printer can be shared also as long as the main PC which has the printer connected to it is turned on, all other pc 's will be able to print to it.
Internet connection sharing - Using a home network, family members can access the Internet simultaneously without having to pay an ISP for multiple accounts. The Internet may slow down when several people share it, but broadband Internet can handle the extra load.
Multi-player games - Many popular home computer games support LAN mode where friends and family can play together, if they have their computers networked.
Internet telephone service - So-called Voice over IP (VoIP) services allow you to make and receive phone calls through your home network across the Internet, saving you money.
Home entertainment - Newer home entertainment products such LCD TV's and digital video recorders (DVRs) and game consoles now support wired or wireless home networking. Having these products integrated into your network enables online Internet gaming, video sharing and other advanced features.