From the Writer Rejection Points Rules CommitteePOINTS. You, the writer, will be awarded points for every story you write that is rejected. SFWA qualifying markets are not required, though you must be rejected by someone who could actually have published you, for actual readers, had they said yes. Which they didn't.
WHAT, YOU DIDN'T KNOW? Didn't know about the rules before? No problem! You still get points. Yes, retroactively! Yes, we mean it!
POINTS EXPIRE. Point expire any time you win a major writing award (Hugo, Nebula, Dragon, etc), or make it to the NYT Best-seller list or the like. You know what I'm talking about. Yes, you do. At that moment, your talley gets cleared.
POINTS REDEEMABLE? You bet. Points are redeemable for pretty excellent prizes, if we do say so ourselves. You can be deliriously happy, you can be artistically miserable. We also have a goat behind one of the doors. Points are redeemed at random, by forces beyond your control. You'll know it when it happens.
FEELING COMPETITIVE? No problem. To remove points from another's tally, do something that results in them getting published, like introducing them to an editor or publisher, or advocating their story directly in some fashion that results in the thing hitting ink.
BONUS POINTS! if your story gets rejected with a scathing critique that leaves you feeling flattened because in your heart of hearts you know the grains of truth are going to crunch as you chew on them, you get bonus points.
NO CHEATING. You can't just resubmit for more points. You get rejected once per market. C'mon, you knew that. There are other ways to cheat, too, and you're already thinking about them. Cut it out.
AND... GO! Write something! Submit it! For The Win!