Sorry, going back to the original question...
I've revised my draft seven times. I'm going through it again to make sure I catch any grammar/spelling errors.
The first five drafts were really making sure the plot and characters ran consistent and how I wanted it. How I did that:
I wrote the story with whatever came in my head first time around.
Second time, I read through it and took notes. From those notes, I started creating a
history around the characters and their world. As I went through rereading the draft, I added and changed according to those notes.
Third - fifth time around was really making sure the story worked and was consistent.
Six - Seventh was adapting according to feedback.
Eighth is the polishing off stage.
That's my process. I'm sure you'll find what works well for you. Don't be afraid to experiment.