If I want it to be an okay/not so good finish because I don`t want to repaint...
1. buy paint match rattle can
2. buy compound, polish, tape, scrapers, flexible putty such as bondo brand, sand paper, and sanding block, and probably a scraper or razor blade
3. prepared for a lot of work and disappointment
for the work...
a. scrape off all loose paint carefully, or you can just sand it off...
b. mask off a larger area... probably a good dollar bill side of space, using that bend as the blend line where it goes from horizontal to vertical on your bumper.
c. carefully wet sand the area with 800-1500 grit, whatever you are comfortable with... until you have it nice and smooth... you`d probably see a dark spot, with a light ring... hopefully smooth through sanding, the color... and then the clear coat... think topography map, with the center being the lowest point and outer ring of clear coat as the high points.
d. clean thoroughly... 1:5 ratio of 70% IPA would work...
e. apply the putty as smooth as possible... with a old credit card if the putty didnt come with scrapers...
f. sand again until smooth...
g. rattle can light coat and wet sand if necessary (rough spots high spots over application of paint, etc...)
h. repeat g until satisfied (3-8 coats depending on how light each coat is... 10-30 minute time in between...)
i. swear a lot because you will probably mess up 1000x
j. give up and now have a large sanded area that you might not be able to fix.
k. go to body shop with the new credit card...
i-k is realistic... but if you do succeed...
wait a few days to a week for the paint to cure completely... and compound and polish and admire your mediocre results since you will see your paint lines... at least it is now a 6 footer if you know what I mean.
Source: did it so many times, and each time I say I wont do it again.
Disclaimer: I am just sharing my experience and in no way will be held responsible for your use of my list of experiences. I would recommend you to either leave it alone or go to a professional body shop to have it taken care of.