There are 12 Trophies that can be collected.

Bronze

Master Yodel    
Cheered on other members over 2000 times    

Team Player    
Joined the Wake-up Club more than 365 times    

Best of the Best    
Took first place in the Wake-up Club 30 times    

Let the Games Begin    
Wake up using Wake-up Club Alarm    

Union Square    
Your Wake-up Club has succeeded    

Quick Draw    
Fastest wake up time is better than 3 seconds    

In Circles    
Made a friend request via the Wake-up Club    

Counting Sheep    
Checked out 11 other members' profiles

Silver

Morning Master    
The Wake-up Club has successfully woken up 30 times in a row    

The Ring Leader    
Successfully wake up a total of 200 times    

Awesome Members    
Wake-up Club succeeded 365 times

Gold

Get This Party Started    
The first time all members in the Wake-up Club have successfully woken up

http://www.ps3trophies.org/game/wake-up-club/trophies/