I claim that, for a field $K$, the following are equivalent:  
(i) $K$ can be given a nontrivial norm -- i.e., there exists $x \in K$ with $|x| \neq 0,1$.  
(ii) $K$ admits a nontrivial rank one valuation $v$.  
(iii) $K$ admits infinitely many inequivalent rank one valuations $v$ such that $(K,v)$ is not complete.  
(iv) $K$ is *not* an algebraic extension of a finite field.

Some of these facts are proved in 

http://math.uga.edu/~pete/8410Chapter2v2.pdf

(see e.g. Theorem 1).  

Let me prove here that (iv) $\implies$ (iii), which answers the OP's question in a rather definitive way.  

1) Suppose first that $K$ has characteristic $0$.  Then $K$ contains $\mathbb{Q}$, which admits the $p$-adic valuations $v_p$.  By Theorem 1 of *loc. cit.*, each $v_p$ extends to a valuation on $K$.  

Now suppose that $K$ has characteristic $p$ and contains an element $t$ which is not algebraic over $\mathbb{F}_p$.  Thus $K$ contains the rational function field $\mathbb{F}_p(t)$, which carries infinitely many inequivalent nontrivial valuations $v_P$ corresponding to the irreducible polynomials $P \in \mathbb{F}_p[t]$ (and one more corresponding to the point at infinity on the projective line).

2) (F.K. Schmidt) If a field $K$ is complete with respect to two inequivalent rank one valuations, it is algebraically closed and uncountable.  See e.g. Theorem 24 of 

http://math.uga.edu/~pete/8410Chapter3.pdf

3) So we are reduced to the case in which $K$ is algebraically closed and uncountable.  Then $K$ is isomorphic to the algebraic closure of $K(t)$.  If we give $K$ the trivial valuation and $K(t)$ the Gauss norm $v$, then the algebraic closure of $K(t)$ has infinite degree over $K(t)$ so any extension of $v$ to the algebraic closure is not complete.  The image of the Gauss norm $v$ under the group $PGL_2(K)$ of linear fractional transformations gives us infinitely more pairwise inequivalent valuations.