In a large bowl, add the egg, bread crumbs, garlic powder, onion powder, parsley, and salt. Mix to combine.
Add the turkey to the mixture and mix just to combine.
Take 2 tablespoons of the turkey mixture, shape it into a ball, and place it on a baking sheet. Continue until all the mixture is used; you should end up with approximately 20 meatballs.
Heat 1 tablespoon of olive oil in a pan on medium heat. When the oil is hot, cook the turkey meatballs for about 3-4 minutes per side. The meatballs are done when the center reaches an internal temperature of 165 degrees.
Serve the cooked meatballs with your favorite sauce or gravy.