Are you getting a lot of tearing in the eye?
Is the bump on the side of the nose near the corner of your eye?
This bump is almost certainly a clogged tear duct. It is not dangerous, but can be painful and annoying. Try applying a warm washcloth to the area and gently massage the bump down toward the tip of your nose. If you aren't successful with this, you should see an opthomologist to determine why the duct is staying clogged. However, chances are with some time and massage, this will improve.
Make sure your hands are clean when you put them near your eye.
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