You try something you think might work (iteration 1) and based on the results of the first attempt, you make another attempt (iteration 2).
Thanks to iterations, you get feedback from the real world and your steps are essentially based on evidence/data.
Trying something until it just works.
The main strength of iterations is logically in their quantity. The more you do, the greater your chances of success.
After all, as Naval paraphrased Malcolm Gladwell's quote about becoming a master at something after 10,000 hours of practice:
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Once you see it, you can never close your eyes to it again.
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Examples of iterative procedure
Let's illustrate the use of iterations with a real-world example. Let's say you're a writer who wants to write a book.
Classic procedure
Come up with a topic —>
You spend half a year writing —>
Send the book to a publisher for review/publish the book yourself.