Set out cream cheese on counter until softened. Mash together cream cheese, grated cheddar cheese, ¼ cup bacon bits and your ranch dressing packet with a fork until well combined.
Shape cheese mixture into a ball. Add all your topping into a medium sized bowl and roll your cheese ball in the mixture until well covered.
Cover with plastic wrap and refrigerate until ready to serve.
Notes
Store in the fridge in an airtight container for 7-10 days.