Great picture (I'll have trouble to come to this), if I have to be less gentle:
I limit myself to 4 elements of product photography (learned from Kodiac):
Subject is unclear for me; is it the (magnified) text or the magnifying glass. Neither seems clear on the picture. The text is blurred, the object is only partially represented. Both the text and object are partially out of focus, the subject should be in focus (as a rule to be broken by creativity).
Background, if the text is the background it seems a bit harsh to me, better a softer colour and structure?
Light: the shade is a very good idea, but again it comes out harsh for me and half of the shade is missing from the picture.
Organisation: it seems that the light source is not in line with the part that you want to catch, size of background and subject do not seem to correspond, it seems to alignment (more perpendicular or parallel) could improve to make it stronger.
Now, that is just an opinion, I think the best is for yourself to look at this, see if you agree/disagree, find some other things you do not like, decide what you want to/can improve and take a picture to see if it works.
The above might just be how you want the picture to be in the end and honestly that is perfectly fine with me.