I think trying multiple light sources might help. It should help diffuse some of the dark shadows that the single light is casting.
Also, if your camera has any of the following settings, they can help you too. You may need to search out your manual to see where they are and how to adjust them.
-White Balance --if you can set a custom white balance that would be the route to go. If not, try some of the different preset options to see if any give you better results.
-Since you are not shooting a moving object, set your ISO as low as possible AND use a tripod. The lower ISO will reduce grainy-ness. You may need a tripod to avoid blurriness at the lower ISO.
-If you are getting really close to your object, use a macro setting if available.
-If you have exposure adjustments, try using some of those. This is getting kind of technical, but some cameras have a +/- button that will allow you to kind of override the default setting for the camera so that the picture is lighter or darker than what the camera thinks is optimal. Sometimes going to the + side (.5, 1.0, etc) will brighten your photo without having to take it to photo editing.
Lastly, google the web for tutorials on taking better photos. There is a wealth of free information out there about taking better pictures. It may not apply directly to product photography, but any knowledge about better using your camera will help you in the long run.
Happy Snapping!