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Hello, looking to move ahead with my first product but the numbers seem way too high to make a decent profit, so would love some feedback.

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Hello, looking to move ahead with my first product but the numbers seem way too high to make a decent profit, so would love some feedback.

Product unit cost: $4.6 (for an order of 500)
Bundled product cost: $1
Custom Draw-String Bag for Product: .5
Freight per unit (based on 500 units x 450g air freight China to USA): $4.8
Estimated Total Amazon FBA Fees: $6 (?)
Estimated Amazon PPC Spend: $7 (?)
Total = $23.9
To make $10 on the product we would need to sell it for $33.9

Similar products are selling for $20 and while we would give our product a unique bag, as well as a small bundled product, I’m not sure we could justify $33.9. I feel like I’m missing a lot with the figures above, so any advice would be much appreciated.

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